Westshore Terminals Investment (TSE:WTE) PT Lowered to C$25.00 at Royal Bank of Canada

Westshore Terminals Investment (TSE:WTE) had its price target reduced by Royal Bank of Canada from C$27.00 to C$25.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts have also issued reports on the company. CIBC cut their price target on Westshore Terminals Investment from C$30.00 to C$29.00 and set a neutral rating for the company in a research note on Tuesday. Scotiabank cut their target price on Westshore Terminals Investment from C$27.00 to C$24.50 in a research report on Monday.

Westshore Terminals Investment Stock Performance

Shares of WTE opened at C$23.93 on Tuesday. Westshore Terminals Investment has a 52 week low of C$22.73 and a 52 week high of C$33.72. The company has a quick ratio of 2.07, a current ratio of 1.22 and a debt-to-equity ratio of 62.47. The stock has a market cap of C$1.50 billion, a price-to-earnings ratio of 12.87 and a beta of 0.88. The business has a 50-day simple moving average of C$25.58 and a two-hundred day simple moving average of C$26.02.

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

Westshore Terminals Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders 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 payout ratio is currently 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.