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World Point Terminals (NYSE:WPT) shares reached a new 52-week high during trading on Monday , Analyst Ratings Network.com reports. The stock traded as high as $23.70 and last traded at $22.59, with a volume of 130,546 shares traded. The stock had previously closed at $21.67.

Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of World Point Terminals in a research note on Friday. They set a “neutral” rating on the stock. Analysts at Credit Suisse raised their price target on shares of World Point Terminals from $23.00 to $24.00 in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $22.20.

The stock has a 50-day moving average of $20.97 and a 200-day moving average of $19.87. The company has a market cap of $727.3 million and a P/E ratio of 51.47.

World Point Terminals (NYSE:WPT) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.02. On average, analysts predict that World Point Terminals will post $1.12 earnings per share for the current fiscal year.

World Point Terminals, LP is a fee-based Delaware limited partnership formed to own, operate, develop and acquire terminals and other assets relating to the storage of light refined products, heavy refined products and crude oil.

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