TerraVest Industries (TSE:TVK) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

TerraVest Industries Inc. (TSE:TVK)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$117.22 and traded as high as C$117.26. TerraVest Industries shares last traded at C$117.08, with a volume of 112,563 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TVK. Scotiabank lowered TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. National Bank Financial boosted their target price on TerraVest Industries from C$170.00 to C$180.00 in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce upped their price target on TerraVest Industries from C$130.00 to C$148.00 in a research report on Friday, August 14th. Finally, BMO Capital Markets increased their price target on TerraVest Industries from C$160.00 to C$170.00 in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, TerraVest Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of C$162.00.

TerraVest Industries Stock Performance

The company has a market capitalization of C$2.51 billion, a P/E ratio of 28.21 and a beta of 1.10. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 151.79. The company’s fifty day moving average is C$117.22 and its 200 day moving average is C$123.83.

TerraVest Industries (TSE:TVK) last posted its earnings results on Thursday, August 13th. The company reported C$1.40 earnings per share (EPS) for the quarter. TerraVest Industries had a return on equity of 12.40% and a net margin of 5.35%. The firm had revenue of C$921.79 million for the quarter. As a group, equities analysts anticipate that TerraVest Industries Inc. will post 4.45 earnings per share for the current 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.