TerraVest Industries Inc. (TSE:TVK) Receives Average Recommendation of “Buy” from Brokerages

Shares of TerraVest Industries Inc. (TSE:TVK) have received a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$185.67.

Several brokerages have recently weighed in on TVK. BMO Capital Markets upgraded TerraVest Industries from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$150.00 to C$200.00 in a research report on Friday, December 12th. Scotiabank lifted their target price on TerraVest Industries from C$165.00 to C$179.00 and gave the company an “outperform” rating in a report on Friday, December 12th.

TerraVest Industries Stock Performance

Shares of TVK stock opened at C$167.52 on Monday. The firm’s 50 day moving average is C$140.52 and its 200 day moving average is C$146.44. The stock has a market capitalization of C$3.63 billion, a P/E ratio of 40.56 and a beta of 0.60. TerraVest Industries has a 12 month low of C$100.31 and a 12 month high of C$176.64. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38.

TerraVest Industries (TSE:TVK) last issued its earnings results on Thursday, December 11th. The company reported C$0.83 earnings per share (EPS) for the quarter. The business had revenue of C$419.41 million for the quarter. TerraVest Industries had a net margin of 6.97% and a return on equity of 20.85%. On average, sell-side analysts anticipate that TerraVest Industries will post 4.4510412 earnings per share for the current year.

TerraVest Industries Company Profile

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company’s operating segments are Fuel Containment, Processing Equipment, and Service. The Fuel Containment segment is engaged in the manufacturing of bulk LPG transport trailers, LPG delivery & service trucks, bulk LPG storage tanks, residential & commercial LPG tanks, dispensers, and other products.