TerraVest Industries (TSE:TVK) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of TerraVest Industries Inc. (TSE:TVK) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$142.60 and traded as low as C$116.08. TerraVest Industries shares last traded at C$120.61, with a volume of 93,684 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BMO Capital Markets cut their target price on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday, May 15th. Canaccord Genuity Group reduced their target price on TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Scotiabank cut their price target on shares of TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, May 19th. Finally, National Bank Financial reduced 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 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 has an average rating of “Moderate Buy” and a consensus target price of C$167.00.

TerraVest Industries Price Performance

The company has a debt-to-equity ratio of 145.05, a quick ratio of 0.91 and a current ratio of 1.49. The company has a market cap of C$2.62 billion, a P/E ratio of 36.88 and a beta of 0.79. The firm has a 50 day moving average price of C$132.85 and a two-hundred day moving average price of C$142.60.

TerraVest Industries (TSE:TVK) last posted its earnings results 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$442.56 million during the quarter. On average, analysts predict that TerraVest Industries Inc. will post 4.4510412 EPS for the current fiscal year.

TerraVest Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were paid a $0.20 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.80 annualized dividend and a yield of 0.7%. TerraVest Industries’s dividend payout ratio (DPR) is currently 22.94%.

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.