Westshore Terminals Investment (TSE:WTE) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Shares crossed above its 200-day moving average, trading as high as C$36.28 and last at C$36.25 versus the 200‑day MA of C$29.54 on a volume of 54,589 shares.
• Royal Bank of Canada upgraded WTE, raising its price target from C$34 to C$39 and giving an "outperform" rating; MarketBeat's consensus is a Buy with an average price target of C$39.
• Recent quarter results included C$0.66 EPS and C$69.15M revenue with a 29.68% net margin; the company operates a coal storage and loading terminal at Roberts Bank and has a market cap of C$2.24 billion (P/E 22.8).

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$29.54 and traded as high as C$36.28. Westshore Terminals Investment shares last traded at C$36.25, with a volume of 54,589 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised their price objective on Westshore Terminals Investment from C$34.00 to C$39.00 and gave the company an "outperform" rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Westshore Terminals Investment has an average rating of "Buy" and an average price target of C$39.00.

Westshore Terminals Investment Trading Up 2.0%

The company has a debt-to-equity ratio of 59.39, a quick ratio of 2.07 and a current ratio of 0.98. The company has a 50-day simple moving average of C$33.93 and a 200 day simple moving average of C$29.54. The company has a market capitalization of C$2.24 billion, a P/E ratio of 22.80 and a beta of 0.34.

Westshore Terminals Investment (TSE:WTE - Get Free Report) last issued its quarterly earnings results on Saturday, March 14th. The company reported C$0.66 EPS for the quarter. The company had revenue of C$69.15 million for the quarter. Westshore Terminals Investment had a return on equity of 13.48% and a net margin of 29.68%. Sell-side analysts expect that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current year.

Westshore Terminals Investment Company Profile

Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States. The coal is delivered to the terminal in unit trains and then unloaded and transferred onto a ship.

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