Tidewater Renewables (TSE:LCFS) Price Target Raised to C$19.00 at ATB Cormark Capital Markets

Tidewater Renewables (TSE:LCFS) had its price target upped by analysts at ATB Cormark Capital Markets from C$16.00 to C$19.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential downside of 6.91% from the stock’s previous close.

LCFS has been the subject of a number of other research reports. Royal Bank Of Canada raised shares of Tidewater Renewables from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$12.50 to C$25.00 in a research report on Friday. National Bank Financial lifted their target price on Tidewater Renewables from C$13.25 to C$22.75 and gave the company an “outperform” rating in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$22.25.

Tidewater Renewables Stock Performance

Shares of TSE LCFS traded up C$1.02 during trading on Friday, reaching C$20.41. The stock had a trading volume of 20,311 shares, compared to its average volume of 20,807. The stock has a market cap of C$745.45 million, a PE ratio of 92.77 and a beta of -0.43. The firm’s 50 day moving average price is C$13.98 and its two-hundred day moving average price is C$9.94. The company has a debt-to-equity ratio of 120.55, a quick ratio of 0.10 and a current ratio of 1.13. Tidewater Renewables has a one year low of C$2.71 and a one year high of C$20.64.

Tidewater Renewables (TSE:LCFS) last issued its earnings results on Thursday, August 13th. The company reported C$0.13 earnings per share for the quarter. Tidewater Renewables had a net margin of 2.91% and a return on equity of 5.00%. The company had revenue of C$160.60 million for the quarter. On average, research analysts forecast that Tidewater Renewables will post 0.15 earnings per share for the current fiscal year.

About Tidewater Renewables

Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.