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

Westshore Terminals Investment (TSE:WTE) had its price target cut by Scotiabank from C$27.00 to C$24.50 in a report published 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 research note on Friday, January 12th.

Westshore Terminals Investment Stock Performance

Westshore Terminals Investment stock opened at C$24.62 on Monday. The stock has a market cap of C$1.54 billion, a PE ratio of 13.24 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 has a 12-month low of C$22.73 and a 12-month high of C$33.72. The business’s 50-day moving average price is C$25.61 and its two-hundred day moving average price is C$26.01.

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

Westshore Terminals Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a $0.375 dividend. This is a boost from Westshore Terminals Investment’s previous quarterly dividend of $0.35. This represents a $1.50 annualized dividend and a yield of 6.09%. The ex-dividend date was Wednesday, March 27th. Westshore Terminals Investment’s dividend payout ratio is 80.65%.

About Westshore Terminals Investment

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.