TerraVest Industries (TSE:TVK) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Shares of TerraVest Industries Inc. (TSE:TVK) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$149.58 and traded as low as C$138.64. TerraVest Industries shares last traded at C$139.83, with a volume of 40,291 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on TVK. Canaccord Genuity Group increased their price objective on TerraVest Industries from C$195.00 to C$209.00 in a report on Monday, January 12th. Scotiabank upped their target price 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 upgraded TerraVest Industries from a “hold” rating to an “outperform” rating and increased their price target for the company from C$150.00 to C$200.00 in a research note on Friday, December 12th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$188.50.

TerraVest Industries Trading Down 0.6%

The stock’s fifty day simple moving average is C$149.58 and its 200-day simple moving average is C$143.00. The company has a debt-to-equity ratio of 124.54, a current ratio of 1.51 and a quick ratio of 0.91. The firm has a market cap of C$3.03 billion, a PE ratio of 33.21 and a beta of 0.61.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings data on Wednesday, February 11th. The company reported C$1.50 earnings per share for the quarter. TerraVest Industries had a net margin of 5.90% and a return on equity of 14.09%. The firm had revenue of C$408.35 million for the quarter. On average, sell-side analysts forecast that TerraVest Industries Inc. will post 4.4510412 earnings per share for the current year.

TerraVest Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, April 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. TerraVest Industries’s payout ratio is presently 17.22%.

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.