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

Shares of TerraVest Industries Inc. (TSE:TVK) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$167.00.

A number of brokerages have recently weighed in on TVK. National Bank Financial dropped their price objective on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. BMO Capital Markets dropped their price objective on shares of TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday, May 15th. Scotiabank dropped their price objective on shares of 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. Finally, Canaccord Genuity Group dropped their price objective on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th.

TerraVest Industries Trading Up 0.4%

Shares of TVK opened at C$115.65 on Thursday. The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91. The firm has a 50 day simple moving average of C$132.96 and a 200-day simple moving average of C$142.64. TerraVest Industries has a 1-year low of C$95.00 and a 1-year high of C$175.20. The stock has a market cap of C$2.51 billion, a price-to-earnings ratio of 35.37 and a beta of 0.79.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 earnings per share 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 during the quarter. Equities analysts forecast that TerraVest Industries will post 4.4510412 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 31st. TerraVest Industries’s payout ratio 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.