TerraVest Industries Inc. (TSE:TVK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of TerraVest Industries Inc. (TSE:TVK) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$167.00.

Several research analysts have recently weighed in on TVK shares. BMO Capital Markets lowered their price objective on shares of TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday, May 15th. National Bank Financial reduced their price target on TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Canaccord Genuity Group lowered their price target on TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Finally, Scotiabank dropped their price objective on TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, May 19th.

TerraVest Industries Stock Performance

TSE TVK opened at C$118.98 on Monday. TerraVest Industries has a 12 month low of C$95.00 and a 12 month high of C$175.20. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 145.05. The stock has a 50 day moving average of C$130.08 and a 200-day moving average of C$141.38. The company has a market cap of C$2.58 billion, a PE ratio of 36.39 and a beta of 0.90.

TerraVest Industries (TSE:TVK) last issued its earnings results on Thursday, May 14th. The company reported C$0.45 earnings per share for the quarter. The business had revenue of C$442.56 million for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. On average, equities research analysts anticipate that TerraVest Industries will post 4.4510412 EPS for the current fiscal year.

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.