Scotiabank Trims Westshore Terminals Investment (TSE:WTE) Target Price to C$24.50

Westshore Terminals Investment (TSE:WTE) had its target price cut by Scotiabank from C$27.00 to C$24.50 in a research note issued to investors on Monday, BayStreet.CA reports.

Separately, CIBC increased their price target on Westshore Terminals Investment from C$29.00 to C$30.00 and gave the company a neutral rating in a report on Friday, January 12th.

Westshore Terminals Investment Trading Down 1.9 %

Shares of Westshore Terminals Investment stock opened at C$23.47 on Monday. The business’s fifty day moving average is C$25.53 and its two-hundred day moving average is C$26.00. Westshore Terminals Investment has a fifty-two week low of C$22.73 and a fifty-two week high of C$33.72. The firm has a market cap of C$1.47 billion, a PE ratio of 12.62 and a beta of 0.88. The company has a quick ratio of 2.07, a current ratio of 1.22 and a debt-to-equity ratio of 62.47.

Westshore Terminals Investment (TSE:WTE) last posted its quarterly earnings results on Friday, March 8th. The company reported C$0.36 earnings per share (EPS) for the quarter. The firm 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%. Analysts anticipate that Westshore Terminals Investment will post 1.6696203 earnings per share for the current year.

Westshore Terminals Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.50 annualized dividend and a yield of 6.39%. Westshore Terminals Investment’s dividend payout ratio is presently 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.