Westshore Terminals Investment (TSE:WTE) Price Target Raised to C$44.00

Westshore Terminals Investment (TSE:WTE) had its target price increased by Royal Bank Of Canada from C$42.00 to C$44.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Westshore Terminals Investment Stock Performance

TSE:WTE opened at C$42.84 on Thursday. 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 firm has a 50-day moving average price of C$40.27 and a two-hundred day moving average price of C$36.11. Westshore Terminals Investment has a twelve month low of C$24.50 and a twelve month high of C$43.87. The company has a market capitalization of C$2.65 billion, a P/E ratio of 26.94 and a beta of 0.73.

Westshore Terminals Investment (TSE:WTE) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.41 earnings per share (EPS) for the quarter. The company had revenue of C$93.57 million for the quarter. Westshore Terminals Investment had a net margin of 29.68% and a return on equity of 13.48%. As a group, research analysts expect that Westshore Terminals Investment will post 1.5632706 earnings per share for the current fiscal year.

Westshore Terminals Investment Company Profile

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.