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

Shares of TerraVest Industries Inc. (TSE:TVK) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$167.00.

A number of equities research analysts have recently issued reports on TVK shares. Scotiabank reduced their price objective on TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating for the company in a report on Tuesday, May 19th. National Bank Financial lowered their target price on TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Canaccord Genuity Group dropped their price target on TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, BMO Capital Markets reduced their price target on TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday, May 15th.

TerraVest Industries Stock Performance

TSE TVK opened at C$118.98 on Monday. The firm has a 50-day moving average of C$130.08 and a 200-day moving average of C$141.38. The company has a debt-to-equity ratio of 145.05, a quick ratio of 0.91 and a current ratio of 1.49. The stock has a market cap of C$2.58 billion, a PE ratio of 36.39 and a beta of 0.90. TerraVest Industries has a 52-week low of C$95.00 and a 52-week high of C$175.20.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. The business had revenue of C$442.56 million for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. On average, sell-side analysts anticipate that TerraVest Industries will post 4.4510412 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.