Westshore Terminals Investment (TSE:WTE) Price Target Cut to C$25.00 by Analysts at Royal Bank of Canada

Westshore Terminals Investment (TSE:WTE) had its price target decreased by Royal Bank of Canada from C$27.00 to C$25.00 in a report published on Tuesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other analysts have also issued reports on the stock. Scotiabank lowered their price target on shares of Westshore Terminals Investment from C$27.00 to C$24.50 in a research report on Monday. CIBC lowered their target price on shares of Westshore Terminals Investment from C$30.00 to C$29.00 and set a neutral rating on the stock in a report on Tuesday.

Westshore Terminals Investment Price Performance

Westshore Terminals Investment stock opened at C$23.93 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 2.07 and a debt-to-equity ratio of 62.47. The business’s 50 day simple moving average is C$25.58 and its 200 day simple moving average is C$26.02. Westshore Terminals Investment has a 12 month low of C$22.73 and a 12 month high of C$33.72. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of 12.87 and a beta of 0.88.

Westshore Terminals Investment (TSE:WTE) last posted its quarterly earnings results on Friday, March 8th. The company reported C$0.36 earnings per share for the quarter. Westshore Terminals Investment had a return on equity of 13.92% and a net margin of 26.97%. The company had revenue of C$88.69 million during the quarter. Sell-side analysts forecast that Westshore Terminals Investment will post 1.6696203 EPS for the current year.

Westshore Terminals Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a $0.375 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.27%. Westshore Terminals Investment’s dividend payout ratio (DPR) is currently 80.65%.

Westshore Terminals Investment Company Profile

Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.