Westshore Terminals Investment (TSE:WTE) Hits New 1-Year High – Should You Buy?

Westshore Terminals Investment Co. (TSE:WTE)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$44.00 and last traded at C$43.78, with a volume of 43387 shares traded. The stock had previously closed at C$43.44.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lifted their price target on Westshore Terminals Investment from C$42.00 to C$44.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$44.00.

Westshore Terminals Investment Trading Up 1.4%

The stock’s fifty day moving average price is C$41.43 and its 200 day moving average price is C$39.01. The stock has a market cap of C$2.72 billion, a P/E ratio of 27.70 and a beta of 0.68. The company has a current ratio of 1.04, a quick ratio of 2.07 and a debt-to-equity ratio of 58.75.

Westshore Terminals Investment (TSE:WTE) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.41 earnings per share (EPS) for the quarter. Westshore Terminals Investment had a net margin of 29.65% and a return on equity of 13.28%. The company had revenue of C$93.57 million during the quarter. Equities research analysts expect that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current 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.