TerraVest Industries (TSE:TVK) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of TerraVest Industries Inc. (TSE:TVK) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$135.04 and traded as high as C$154.95. TerraVest Industries shares last traded at C$153.78, with a volume of 113,044 shares traded.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Scotiabank lowered their price objective on shares of TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating for the company in a research report on Tuesday, May 19th. Canaccord Genuity Group lowered their price objective on shares of TerraVest Industries from C$192.00 to C$190.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. BMO Capital Markets lowered their price objective on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday, May 15th. Finally, National Bank Financial lowered their price objective on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$175.33.

TerraVest Industries Stock Performance

The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91. The company’s fifty day simple moving average is C$135.04 and its two-hundred day simple moving average is C$141.97. The stock has a market cap of C$3.33 billion, a price-to-earnings ratio of 47.03 and a beta of 0.83.

TerraVest Industries (TSE:TVK) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 earnings per share for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. The firm had revenue of C$442.57 million for the quarter. On average, analysts forecast that TerraVest Industries Inc. will post 4.4510412 earnings per share for the current year.

TerraVest Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.80 annualized dividend and a yield of 0.5%. TerraVest Industries’s dividend payout ratio is presently 22.94%.

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.