TerraVest Industries (TSE:TVK) Downgraded by Scotiabank to “Hold”

TerraVest Industries (TSE:TVK) was downgraded by Scotiabank from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages also recently issued reports on TVK. Canadian Imperial Bank of Commerce increased their price objective on shares of TerraVest Industries from C$130.00 to C$148.00 in a research note on Friday, August 14th. Canaccord Genuity Group dropped their target price on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. BMO Capital Markets upped their price target on shares of TerraVest Industries from C$160.00 to C$170.00 in a report on Friday, August 14th. Finally, National Bank Financial increased their price target on shares of TerraVest Industries from C$170.00 to C$180.00 in a research report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TerraVest Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of C$162.00.

TerraVest Industries Trading Down 0.2%

Shares of TSE:TVK opened at C$117.70 on Monday. The company has a market capitalization of C$2.52 billion, a P/E ratio of 28.36 and a beta of 0.86. TerraVest Industries has a 1 year low of C$95.00 and a 1 year high of C$175.20. The company has a debt-to-equity ratio of 151.79, a current ratio of 1.54 and a quick ratio of 0.91. The business’s 50 day simple moving average is C$118.86 and its 200 day simple moving average is C$132.01.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$1.40 earnings per share for the quarter. The firm had revenue of C$921.79 million during the quarter. TerraVest Industries had a return on equity of 12.40% and a net margin of 5.35%. On average, research analysts anticipate 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.