CIBC Trims Westshore Terminals Investment (TSE:WTE) Target Price to C$29.00

Westshore Terminals Investment (TSE:WTE) had its target price decreased by CIBC from C$30.00 to C$29.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Separately, Scotiabank lowered their price objective on Westshore Terminals Investment from C$27.00 to C$24.50 in a research report on Monday.

Westshore Terminals Investment Price Performance

Westshore Terminals Investment stock opened at C$23.32 on Tuesday. The stock has a 50-day moving average price of C$25.49 and a two-hundred day moving average price of C$25.98. 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 current ratio of 1.22, a quick ratio of 2.07 and a debt-to-equity ratio of 62.47. The company has a market capitalization of C$1.46 billion, a PE ratio of 12.54 and a beta of 0.88.

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

Westshore Terminals Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Friday, June 28th. Westshore Terminals Investment’s dividend payout ratio is currently 80.65%.

About Westshore Terminals Investment

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.