Tidewater Renewables (TSE:LCFS) Upgraded at Royal Bank Of Canada

Tidewater Renewables (TSE:LCFS) was upgraded by investment analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a report released on Friday,BayStreet.CA reports. The firm presently has a C$25.00 price objective on the stock, up from their prior price objective of C$12.50. Royal Bank Of Canada’s price objective indicates a potential upside of 22.49% from the company’s previous close.

LCFS has been the subject of a number of other reports. National Bank Financial lifted their price objective on shares of Tidewater Renewables from C$8.00 to C$13.25 and gave the company a “sector perform” rating in a report on Friday, May 8th. ATB Cormark Capital Markets upped their target price on shares of Tidewater Renewables from C$8.00 to C$12.00 and gave the stock a “speculative buy” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Tidewater Renewables has a consensus rating of “Buy” and a consensus target price of C$22.25.

Tidewater Renewables Stock Up 5.3%

Shares of LCFS traded up C$1.02 during trading hours on Friday, reaching C$20.41. The stock had a trading volume of 20,311 shares, compared to its average volume of 20,807. The firm has a 50-day simple moving average of C$13.98 and a 200 day simple moving average of C$9.94. Tidewater Renewables has a 12 month low of C$2.71 and a 12 month high of C$20.64. The company has a current ratio of 1.13, a quick ratio of 0.10 and a debt-to-equity ratio of 120.55. The company has a market capitalization of C$745.45 million, a price-to-earnings ratio of 92.77 and a beta of -0.43.

Tidewater Renewables (TSE:LCFS) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.13 EPS for the quarter. Tidewater Renewables had a net margin of 2.91% and a return on equity of 5.00%. The business had revenue of C$160.60 million during the quarter. Equities research analysts predict that Tidewater Renewables will post 0.15 earnings per share for the current fiscal year.

Tidewater Renewables Company Profile

Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.