TerraVest Industries (TSE:TVK) Rating Lowered to Hold at Scotiabank

TerraVest Industries (TSE:TVK) was downgraded by stock analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. National Bank Financial boosted their target price on TerraVest Industries from C$170.00 to C$180.00 in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce raised their price target on shares of TerraVest Industries from C$130.00 to C$148.00 in a research note on Friday, August 14th. BMO Capital Markets lifted their price objective on shares of TerraVest Industries from C$160.00 to C$170.00 in a report on Friday, August 14th. Finally, Canaccord Genuity Group cut their price objective on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, TerraVest Industries currently has an average rating of “Moderate Buy” and a consensus target price of C$162.00.

TerraVest Industries Trading Down 0.2%

Shares of TSE:TVK opened at C$117.70 on Monday. TerraVest Industries has a 12 month low of C$95.00 and a 12 month high of C$175.20. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 151.79. The company’s fifty day simple moving average is C$118.86 and its 200 day simple moving average is C$132.01. The firm has a market cap of C$2.52 billion, a price-to-earnings ratio of 28.36 and a beta of 0.86.

TerraVest Industries (TSE:TVK) last released its earnings results on Thursday, August 13th. The company reported C$1.40 earnings per share (EPS) for the quarter. The firm had revenue of C$921.79 million during the quarter. TerraVest Industries had a return on equity of 12.40% and a net margin of 5.35%. As a group, research analysts forecast that TerraVest Industries will post 4.4510412 EPS 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.