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

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

Separately, Scotiabank dropped their price objective on shares of Westshore Terminals Investment from C$27.00 to C$24.50 in a research note on Monday.

Westshore Terminals Investment Stock Down 2.8 %

TSE WTE opened at C$23.93 on Tuesday. Westshore Terminals Investment has a twelve month low of C$22.73 and a twelve month high of C$33.72. The stock has a market cap of C$1.50 billion, a PE ratio of 12.87 and a beta of 0.88. The firm has a 50-day simple moving average of C$25.58 and a 200 day simple moving average of C$26.02. The company has a debt-to-equity ratio of 62.47, a quick ratio of 2.07 and a current ratio of 1.22.

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

Westshore Terminals Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 6.27%. The ex-dividend date is Friday, June 28th. Westshore Terminals Investment’s dividend payout ratio is 80.65%.

Westshore Terminals Investment Company Profile

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.