TerraVest Industries (TSE:TVK) Stock Price Target Cut by Canadian Imperial Bank of Commerce

TerraVest Industries (TSE:TVK) had its price objective dropped by research analysts at Canadian Imperial Bank of Commerce from C$148.00 to C$134.00 in a research report issued on Thursday, BayStreet reports. Canadian Imperial Bank of Commerce‘s target price would indicate a potential upside of 22.59% from the stock’s current price.

Several other brokerages also recently commented on TVK. National Bank Financial upped their price target on shares of TerraVest Industries from C$170.00 to C$180.00 in a research report on Friday, August 14th. Scotiabank increased their price target on shares of TerraVest Industries from C$129.00 to C$130.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 15th. Finally, BMO Capital Markets raised their price target on shares of TerraVest Industries from C$160.00 to C$170.00 in a report on Friday, August 14th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, TerraVest Industries has a consensus rating of “Moderate Buy” and an average price target of C$150.80.

TerraVest Industries Price Performance

TSE:TVK traded up C$0.95 during mid-day trading on Thursday, reaching C$109.31. 58,851 shares of the stock were exchanged, compared to its average volume of 88,267. TerraVest Industries has a 1-year low of C$95.00 and a 1-year high of C$175.20. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 151.79. The business has a fifty day moving average price of C$114.59 and a 200 day moving average price of C$129.41. The firm has a market capitalization of C$2.34 billion, a PE ratio of 26.34 and a beta of 1.10.

TerraVest Industries (TSE:TVK) last released its earnings results on Thursday, August 13th. The company reported C$1.40 EPS for the quarter. The business had revenue of C$921.79 million for the quarter. TerraVest Industries had a net margin of 5.35% and a return on equity of 12.40%. Research analysts expect that TerraVest Industries will post 4.45 earnings per share 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.