TerraVest Industries (TSE:TVK) Price Target Cut to C$170.00 by Analysts at BMO Capital Markets

TerraVest Industries (TSE:TVK) had its target price decreased by BMO Capital Markets from C$190.00 to C$170.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

Separately, Scotiabank decreased their target price on TerraVest Industries from C$187.00 to C$178.00 and set a “sector outperform” rating for the company in a research report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$179.50.

TerraVest Industries Trading Up 0.6%

Shares of TerraVest Industries stock opened at C$132.75 on Friday. TerraVest Industries has a 1 year low of C$115.75 and a 1 year high of C$176.64. The firm has a market cap of C$2.88 billion, a PE ratio of 31.53 and a beta of 0.83. The stock has a fifty day moving average price of C$134.46 and a 200-day moving average price of C$141.09. 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 announced its earnings results on Thursday, May 14th. The company reported C$0.45 earnings per share (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$442.57 million during the quarter. Equities research analysts anticipate that TerraVest Industries will post 4.4510412 EPS for the current year.

TerraVest Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. TerraVest Industries’s dividend 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.