Tidewater Renewables (TSE:LCFS) Price Target Raised to C$21.00

Tidewater Renewables (TSE:LCFS) had its price objective lifted by ATB Cormark Capital Markets from C$19.00 to C$21.00 in a research report released on Friday,BayStreet reports. The firm currently has a speculative buy rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Tidewater Renewables from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$12.50 to C$25.00 in a research note on Friday, August 14th. National Bank Financial upped their price objective on shares of Tidewater Renewables from C$13.25 to C$22.75 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Three analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$22.92.

Tidewater Renewables Stock Performance

TSE:LCFS opened at C$20.80 on Friday. The stock’s 50-day simple moving average is C$21.12 and its 200 day simple moving average is C$15.51. The firm has a market capitalization of C$759.95 million, a PE ratio of 94.05 and a beta of -1.03. The company has a quick ratio of 0.10, a current ratio of 1.13 and a debt-to-equity ratio of 109.35. Tidewater Renewables has a twelve month low of C$3.39 and a twelve month high of C$25.80.

Tidewater Renewables (TSE:LCFS) last released its earnings results on Thursday, August 13th. The company reported C$0.13 earnings per share (EPS) for the quarter. The firm had revenue of C$160.60 million for the quarter. Tidewater Renewables had a return on equity of 0.20% and a net margin of 0.09%. On average, analysts anticipate that Tidewater Renewables will post 0.15 EPS for the current fiscal year.

Tidewater Renewables Company Profile

Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.