TerraVest Industries (TSE:TVK) Given New C$170.00 Price Target at National Bank Financial

TerraVest Industries (TSE:TVK) had its price target dropped by investment analysts at National Bank Financial from C$175.00 to C$170.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 30.37% from the company’s current price.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets lowered their target price on shares of TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday. Scotiabank lowered their target price on shares of TerraVest Industries from C$187.00 to C$178.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TerraVest Industries currently has an average rating of “Moderate Buy” and an average price target of C$179.50.

TerraVest Industries Stock Performance

Shares of TSE:TVK traded down C$1.62 on Friday, hitting C$130.40. 108,168 shares of the company were exchanged, compared to its average volume of 82,970. The company’s 50 day moving average price is C$134.68 and its two-hundred day moving average price is C$141.15. TerraVest Industries has a one year low of C$115.75 and a one year high of C$176.64. The company has a debt-to-equity ratio of 124.54, a quick ratio of 0.91 and a current ratio of 1.51. The firm has a market capitalization of C$2.83 billion, a price-to-earnings ratio of 30.97 and a beta of 0.83.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 earnings per share (EPS) for the quarter. TerraVest Industries had a net margin of 5.90% and a return on equity of 14.09%. The company had revenue of C$442.57 million for the quarter. Research analysts expect that TerraVest Industries 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.