Brokerages Set TerraVest Industries Inc. (TSE:TVK) Price Target at C$185.67

TerraVest Industries Inc. (TSE:TVK) has been given an average rating of “Buy” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$185.67.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of TerraVest Industries from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$150.00 to C$200.00 in a research report on Friday, December 12th. Scotiabank lifted their price target on TerraVest Industries from C$165.00 to C$179.00 and gave the stock an “outperform” rating in a report on Friday, December 12th.

TerraVest Industries Stock Performance

Shares of TerraVest Industries stock opened at C$162.40 on Thursday. The business has a 50-day simple moving average of C$132.58 and a 200-day simple moving average of C$147.19. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. TerraVest Industries has a one year low of C$100.31 and a one year high of C$176.64. The company has a market cap of C$3.52 billion, a PE ratio of 39.32 and a beta of 0.48.

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