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

TerraVest Industries Inc. (TSE:TVK) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat reports. One 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$175.33.

Several research firms recently commented on TVK. BMO Capital Markets decreased their price objective on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday, May 15th. Scotiabank decreased their price objective 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. National Bank Financial decreased their price objective on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Canaccord Genuity Group decreased their price objective on shares of TerraVest Industries from C$192.00 to C$190.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th.

TerraVest Industries Price Performance

TerraVest Industries stock opened at C$142.69 on Friday. TerraVest Industries has a 52 week low of C$115.75 and a 52 week 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. The firm’s 50-day simple moving average is C$133.61 and its 200 day simple moving average is C$141.07. The firm has a market capitalization of C$3.09 billion, a PE ratio of 43.64 and a beta of 0.83.

TerraVest Industries (TSE:TVK) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. The business had revenue of C$442.57 million for the quarter. On average, equities research analysts predict that TerraVest Industries will post 4.4510412 EPS for the current fiscal year.

TerraVest Industries Dividend Announcement

The company also recently announced 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 0.6%. The ex-dividend date was Tuesday, March 31st. TerraVest Industries’s dividend payout ratio is 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.