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

TerraVest Industries Inc. (TSE:TVK) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research 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 brokerages that have updated their coverage on the stock in the last year is C$159.50.

TVK has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday, May 15th. Canaccord Genuity Group decreased their target price on 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. Scotiabank cut their price target on shares of TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, May 19th. Canadian Imperial Bank of Commerce decreased their price objective on shares of TerraVest Industries from C$160.00 to C$130.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Finally, National Bank Financial cut their target price on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a report on Friday, May 15th.

TerraVest Industries Trading Up 1.2%

Shares of TVK opened at C$119.91 on Friday. The stock’s fifty day simple moving average is C$121.15 and its 200-day simple moving average is C$133.57. The firm has a market capitalization of C$2.60 billion, a PE ratio of 36.67 and a beta of 0.86. TerraVest Industries has a 12-month low of C$95.00 and a 12-month high of C$175.20. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 145.05.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings data 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 firm had revenue of C$442.56 million during the quarter. As a group, research analysts predict that TerraVest Industries will post 4.4510412 earnings per share for the current 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.