TerraVest Industries (TSE:TVK) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

TerraVest Industries (TSE:TVK) had its target price boosted by Canaccord Genuity Group from C$195.00 to C$209.00 in a research note issued on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 19.76% from the company’s current price.

Other analysts have also issued research reports about the stock. Scotiabank lifted their price target on shares of TerraVest Industries from C$165.00 to C$179.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. BMO Capital Markets raised TerraVest Industries from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$150.00 to C$200.00 in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$187.17.

TerraVest Industries Stock Up 0.9%

TVK opened at C$174.51 on Monday. The company has a market cap of C$3.78 billion, a PE ratio of 42.25 and a beta of 0.60. TerraVest Industries has a twelve month low of C$100.31 and a twelve month high of C$176.64. The company has a 50-day moving average price of C$142.33 and a 200 day moving average price of C$146.50. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data on Thursday, December 11th. The company reported C$0.83 EPS for the quarter. The company had revenue of C$419.41 million during the quarter. TerraVest Industries had a return on equity of 20.85% and a net margin of 6.97%. Sell-side analysts expect that TerraVest Industries will post 4.4510412 earnings per share for the current fiscal year.

About TerraVest Industries

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.