TerraVest Industries (TSE:TVK) Shares Cross Above 50 Day Moving Average – What’s Next?

TerraVest Industries Inc. (TSE:TVK) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$155.78 and traded as high as C$159.75. TerraVest Industries shares last traded at C$158.90, with a volume of 152,298 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TVK. Canaccord Genuity Group increased their target price on TerraVest Industries from C$195.00 to C$209.00 in a report on Monday, January 12th. Scotiabank upped their price target on 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. Finally, BMO Capital Markets raised TerraVest Industries from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$150.00 to C$200.00 in a report on Friday, December 12th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, TerraVest Industries currently has a consensus rating of “Moderate Buy” and an average price target of C$188.50.

TerraVest Industries Price Performance

The stock has a fifty day moving average of C$155.78 and a two-hundred day moving average of C$143.45. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. The stock has a market capitalization of C$3.45 billion, a price-to-earnings ratio of 37.74 and a beta of 0.57.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data on Wednesday, February 11th. The company reported C$1.50 EPS for the quarter. TerraVest Industries had a return on equity of 20.85% and a net margin of 6.97%.The company had revenue of C$408.35 million for the quarter. As a group, equities research analysts forecast that TerraVest Industries Inc. will post 4.4510412 earnings per share for the current 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.