TerraVest Industries (TSE:TVK) Given New C$170.00 Price Target at BMO Capital Markets

TerraVest Industries (TSE:TVK) had its price target decreased by equities researchers at BMO Capital Markets from C$190.00 to C$170.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 30.37% from the stock’s previous close.

Separately, Scotiabank lowered their price objective on shares of TerraVest Industries from C$187.00 to C$178.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$179.50.

TerraVest Industries Stock Performance

Shares of TSE TVK traded down C$1.62 during midday trading on Friday, reaching C$130.40. 108,168 shares of the company traded hands, compared to its average volume of 82,970. TerraVest Industries has a 52 week low of C$115.75 and a 52 week high of C$176.64. The stock has a 50-day moving average price of C$134.68 and a 200 day moving average price of C$141.15. The company has a debt-to-equity ratio of 124.54, a current ratio of 1.51 and a quick ratio of 0.91. The company has a market cap of C$2.83 billion, a price-to-earnings ratio of 30.97 and a beta of 0.83.

TerraVest Industries (TSE:TVK) last posted 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 5.90% and a return on equity of 14.09%. The business had revenue of C$442.57 million for the quarter. Sell-side analysts anticipate that TerraVest Industries will post 4.4510412 earnings per share for the current fiscal 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.