Westshore Terminals Investment (TSE:WTE) Reaches New 12-Month High – Still a Buy?

Shares of Westshore Terminals Investment Co. (TSE:WTE) reached a new 52-week high on Tuesday . The stock traded as high as C$39.92 and last traded at C$39.78, with a volume of 10967 shares. The stock had previously closed at C$39.65.

Analyst Ratings Changes

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

Westshore Terminals Investment Trading Up 0.5%

The company has a market capitalization of C$2.46 billion, a PE ratio of 25.05 and a beta of 0.34. The company has a current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 59.39. The stock has a fifty day moving average of C$34.97 and a two-hundred day moving average of C$30.29.

Westshore Terminals Investment (TSE:WTE) last announced its quarterly earnings data on Saturday, March 14th. The company reported C$0.66 earnings per share 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%. As a group, sell-side analysts anticipate that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current fiscal 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.