Westshore Terminals Investment (TSE:WTE) Reaches New 12-Month Low at $22.18

Westshore Terminals Investment Co. (TSE:WTEGet Free Report) hit a new 52-week low on Friday . The company traded as low as C$22.18 and last traded at C$22.18, with a volume of 33386 shares trading hands. The stock had previously closed at C$22.55.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WTE. BMO Capital Markets decreased their target price on shares of Westshore Terminals Investment from C$27.00 to C$26.00 in a research report on Friday, May 17th. Royal Bank of Canada dropped their price target on shares of Westshore Terminals Investment from C$27.00 to C$25.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 7th. CIBC lowered their price objective on shares of Westshore Terminals Investment from C$30.00 to C$29.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Finally, Scotiabank cut their target price on shares of Westshore Terminals Investment from C$27.00 to C$24.50 in a research note on Monday, May 6th.

Check Out Our Latest Research Report on Westshore Terminals Investment

Westshore Terminals Investment Stock Down 2.2 %

The business’s 50 day moving average is C$24.24 and its 200 day moving average is C$25.84. The stock has a market cap of C$1.38 billion, a price-to-earnings ratio of 14.36 and a beta of 0.87. 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:WTEGet Free Report) last released its earnings results on Friday, May 3rd. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$84.76 million for the quarter. Westshore Terminals Investment had a return on equity of 13.92% and a net margin of 26.97%. Equities analysts expect that Westshore Terminals Investment Co. will post 1.4634921 earnings per share 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. Stockholders of record on Sunday, June 30th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date is Friday, June 28th. Westshore Terminals Investment’s dividend payout ratio (DPR) is presently 95.54%.

About Westshore Terminals Investment

(Get Free Report)

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.

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