TerraVest Industries (TSE:TVK) Stock Gets Price Target Trim from Canadian Imperial Bank of Commerce

TerraVest Industries (TSE:TVK) had its price target cut by Canadian Imperial Bank of Commerce from C$148.00 to C$134.00 in a research note published on Thursday,BayStreet reports.

A number of other research firms also recently issued reports on TVK. Scotiabank increased their price target on TerraVest Industries from C$129.00 to C$130.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 15th. BMO Capital Markets raised their price target on TerraVest Industries from C$160.00 to C$170.00 in a research note on Friday, August 14th. Finally, National Bank Financial lifted their price objective on TerraVest Industries from C$170.00 to C$180.00 in a 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$150.80.

TerraVest Industries Price Performance

Shares of TVK stock opened at C$107.59 on Thursday. The company has a market capitalization of C$2.31 billion, a P/E ratio of 25.93 and a beta of 1.10. The company’s 50-day simple moving average is C$114.22 and its two-hundred day simple moving average is C$128.80. TerraVest Industries has a one year low of C$95.00 and a one 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.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$1.40 earnings per share (EPS) 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%. As a group, equities analysts anticipate that TerraVest Industries will post 4.45 EPS 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.