Westshore Terminals Investment (TSE:WTE) Hits New 1-Year High – Time to Buy?

Westshore Terminals Investment Co. (TSE:WTE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$42.99 and last traded at C$42.25, with a volume of 134306 shares. The stock had previously closed at C$42.25.

Analyst Ratings Changes

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

Westshore Terminals Investment Price Performance

The stock has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 26.57 and a beta of 0.34. The firm has a 50-day moving average of C$36.83 and a 200 day moving average of C$31.40. The company has a current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 59.39.

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

About Westshore Terminals Investment

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.