TerraVest Industries (TSE:TVK) Shares Pass Below 50 Day Moving Average – What’s Next?

TerraVest Industries Inc. (TSE:TVK) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$148.59 and traded as low as C$141.86. TerraVest Industries shares last traded at C$142.08, with a volume of 48,867 shares traded.

Analysts Set New Price Targets

TVK has been the subject of several recent research reports. Canaccord Genuity Group lifted their price objective on TerraVest Industries from C$195.00 to C$209.00 in a report on Monday, January 12th. Scotiabank raised their target price on shares of TerraVest Industries from C$165.00 to C$179.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, BMO Capital Markets raised shares of TerraVest Industries from a “hold” rating to an “outperform” rating and upped their price target for the stock from C$150.00 to C$200.00 in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$187.17.

TerraVest Industries Stock Down 1.6%

The company’s fifty day simple moving average is C$148.59 and its 200-day simple moving average is C$145.56. The firm has a market capitalization of C$3.08 billion, a PE ratio of 34.40 and a beta of 0.60. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data 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 firm had revenue of C$419.41 million during the quarter. On average, analysts forecast that TerraVest Industries Inc. will post 4.4510412 EPS 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.