TerraVest Industries (TSE:TVK) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

TerraVest Industries Inc. (TSE:TVK)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$146.10 and traded as low as C$138.22. TerraVest Industries shares last traded at C$138.98, with a volume of 49,098 shares.

Analyst Ratings Changes

TVK has been the topic of several analyst reports. Canaccord Genuity Group increased their price objective on shares of TerraVest Industries from C$195.00 to C$209.00 in a report on Monday, January 12th. BMO Capital Markets raised shares of TerraVest Industries from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$150.00 to C$200.00 in a report on Friday, December 12th. Finally, Scotiabank upped their target price on shares of TerraVest Industries from C$184.50 to C$187.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$188.50.

TerraVest Industries Stock Down 1.2%

The firm has a market capitalization of C$3.01 billion, a P/E ratio of 33.01 and a beta of 0.61. The company has a debt-to-equity ratio of 124.54, a quick ratio of 0.91 and a current ratio of 1.51. The firm’s 50-day moving average is C$146.10 and its 200 day moving average is C$142.81.

TerraVest Industries (TSE:TVK) last released its earnings results on Wednesday, February 11th. The company reported C$1.50 earnings per share (EPS) for the quarter. The firm had revenue of C$408.35 million during the quarter. TerraVest Industries had a return on equity of 14.09% and a net margin of 5.90%. As a group, equities research analysts predict that TerraVest Industries Inc. will post 4.4510412 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, April 10th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.80 annualized dividend and a yield of 0.6%. TerraVest Industries’s payout ratio is presently 17.22%.

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.