Westshore Terminals Investment (TSE:WTE) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Technical breakout: Shares of Westshore Terminals (TSE:WTE) crossed above their 200-day moving average (C$29.25), trading as high as C$37.23 and last at C$36.35 on volume of 79,512 shares.
• Analyst upgrade and target: Royal Bank of Canada raised its price target from C$34.00 to C$39.00 and gave an "outperform" rating; the stock's consensus rating is "Buy" with an average target of C$39.00.
• Solid fundamentals: The company has a market cap of C$2.25 billion, reported quarterly EPS of C$0.66 on C$69.15 million revenue, with a net margin of 28.08% and ROE of 12.55%.

Shares of Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$29.25 and traded as high as C$37.23. Westshore Terminals Investment shares last traded at C$36.35, with a volume of 79,512 shares changing hands.

Analyst Upgrades and Downgrades

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

Westshore Terminals Investment Price Performance

The firm has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 24.73 and a beta of 0.28. The stock's 50-day moving average price is C$33.56 and its 200 day moving average price is C$29.25. The company has a quick ratio of 2.07, a current ratio of 0.87 and a debt-to-equity ratio of 59.65.

Westshore Terminals Investment (TSE:WTE - Get Free Report) last announced its quarterly earnings data on Friday, March 13th. The company reported C$0.66 earnings per share (EPS) for the quarter. The company had revenue of C$69.15 million during the quarter. Westshore Terminals Investment had a net margin of 28.08% and a return on equity of 12.55%. Equities research analysts expect that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.