Westshore Terminals Investment (TSE:WTE) Sets New 1-Year High – Time to Buy?

Westshore Terminals Investment Co. (TSE:WTE) shares reached a new 52-week high on Monday . The company traded as high as C$41.64 and last traded at C$41.64, with a volume of 13161 shares changing hands. The stock had previously closed at C$41.16.

Wall Street Analyst Weigh In

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

Westshore Terminals Investment Price Performance

The firm has a market capitalization of C$2.54 billion, a PE ratio of 25.84 and a beta of 0.34. The stock has a 50-day moving average price of C$36.12 and a 200 day moving average price of C$30.94. The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 59.39.

Westshore Terminals Investment (TSE:WTE) last posted its quarterly earnings data on Saturday, March 14th. The company reported C$0.66 EPS for the quarter. The business had revenue of C$69.15 million during the quarter. Westshore Terminals Investment had a return on equity of 13.48% and a net margin of 29.68%. Equities analysts forecast that Westshore Terminals Investment Co. will post 1.5632706 EPS 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.