Scotiabank Forecasts Strong Price Appreciation for TerraVest Industries (TSE:TVK) Stock

TerraVest Industries (TSE:TVK) had its price objective raised by Scotiabank from C$179.00 to C$184.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 19.53% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group increased their price target on TerraVest Industries from C$195.00 to C$209.00 in a research note on Monday, January 12th. BMO Capital Markets raised TerraVest Industries from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$150.00 to C$200.00 in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$188.08.

TerraVest Industries Stock Performance

TSE:TVK opened at C$154.35 on Thursday. TerraVest Industries has a 1-year low of C$100.31 and a 1-year 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. The stock has a market cap of C$3.35 billion, a P/E ratio of 37.37 and a beta of 0.57. The stock has a 50 day simple moving average of C$152.29 and a 200 day simple moving average of C$144.80.

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