TerraVest Industries (TSE:TVK) Price Target Raised to C$148.00

TerraVest Industries (TSE:TVK) had its price objective boosted by research analysts at Canadian Imperial Bank of Commerce from C$130.00 to C$148.00 in a research report issued on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 13.86% from the company’s previous close.

Several other brokerages also recently weighed in on TVK. Scotiabank cut 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. BMO Capital Markets raised their price target on shares of TerraVest Industries from C$160.00 to C$170.00 in a research note on Friday. Canaccord Genuity Group cut their price target on TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Finally, National Bank Financial decreased their price objective on TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$164.17.

TerraVest Industries Stock Performance

TVK traded down C$3.45 during trading on Friday, reaching C$129.98. 71,928 shares of the company were exchanged, compared to its average volume of 98,074. TerraVest Industries has a 52 week low of C$95.00 and a 52 week high of C$175.20. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 145.05. The firm has a 50 day moving average of C$118.09 and a 200 day moving average of C$132.61. The stock has a market cap of C$2.82 billion, a P/E ratio of 39.75 and a beta of 0.86.

TerraVest Industries (TSE:TVK) last posted its earnings results on Thursday, August 13th. The company reported C$1.40 earnings per share (EPS) for the quarter. The company had revenue of C$921.79 million for the quarter. TerraVest Industries had a return on equity of 9.99% and a net margin of 4.35%. On average, sell-side analysts forecast that TerraVest Industries will post 4.4510412 EPS for the current fiscal year.

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.