TerraVest Industries Inc. (TSE:TVK) Receives C$185.67 Average PT from Brokerages

TerraVest Industries Inc. (TSE:TVK) has been given an average rating of “Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$185.67.

A number of analysts have commented on TVK shares. Scotiabank raised their price objective on TerraVest Industries from C$165.00 to C$179.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. BMO Capital Markets raised TerraVest Industries from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$150.00 to C$200.00 in a research report on Friday, December 12th.

TerraVest Industries Stock Performance

TSE:TVK opened at C$163.43 on Thursday. The firm’s 50-day moving average is C$133.11 and its 200-day moving average is C$146.99. The company has a market cap of C$3.54 billion, a price-to-earnings ratio of 39.57 and a beta of 0.48. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. TerraVest Industries has a 52-week low of C$100.31 and a 52-week high of C$176.64.

TerraVest Industries (TSE:TVK) last released its earnings results on Thursday, December 11th. The company reported C$0.83 earnings per share for the quarter. TerraVest Industries had a return on equity of 20.85% and a net margin of 6.97%.The business had revenue of C$419.41 million for the quarter. Equities research analysts anticipate that TerraVest Industries will post 4.4510412 earnings per share for the current 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.