TerraVest Industries Inc. (TSE:TVK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

TerraVest Industries Inc. (TSE:TVK) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$167.00.

Several equities research analysts recently commented on the company. Scotiabank decreased their target price on TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating for the company in a research note on Tuesday, May 19th. National Bank Financial reduced their price target on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a report on Friday, May 15th. BMO Capital Markets reduced their price target on shares of TerraVest Industries from C$190.00 to C$170.00 in a report on Friday, May 15th. Finally, Canaccord Genuity Group reduced their price target on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating for the company in a report on Tuesday.

TerraVest Industries Trading Down 0.9%

TSE TVK opened at C$114.14 on Thursday. The business has a 50 day simple moving average of C$134.22 and a 200 day simple moving average of C$142.80. TerraVest Industries has a one year low of C$95.00 and a one year high of C$175.20. The stock has a market capitalization of C$2.48 billion, a P/E ratio of 34.91 and a beta of 0.79. The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91.

TerraVest Industries (TSE:TVK) last released its earnings results on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. TerraVest Industries had a return on equity of 9.99% and a net margin of 4.35%.The business had revenue of C$442.57 million during the quarter. Research analysts expect that TerraVest Industries will post 4.4510412 earnings per share for the current year.

TerraVest Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, March 31st. TerraVest Industries’s dividend payout ratio (DPR) is presently 22.94%.

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.