TerraVest Industries (TSE:TVK) Shares Down 12.6% – Should You Sell?

TerraVest Industries Inc. (TSE:TVK) shares traded down 12.6% on Wednesday . The company traded as low as C$136.70 and last traded at C$137.05. 71,437 shares traded hands during trading, an increase of 9% from the average session volume of 65,573 shares. The stock had previously closed at C$156.76.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of TerraVest Industries from C$195.00 to C$209.00 in a research note on Monday, January 12th. BMO Capital Markets upgraded TerraVest Industries from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$150.00 to C$200.00 in a report on Friday, December 12th. Finally, Scotiabank increased their price objective on TerraVest Industries from C$179.00 to C$184.50 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, TerraVest Industries currently has a consensus rating of “Buy” and an average price target of C$188.08.

TerraVest Industries Stock Down 8.0%

The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The company has a market cap of C$3.13 billion, a P/E ratio of 34.93 and a beta of 0.57. The business’s 50 day moving average is C$153.68 and its 200 day moving average is C$144.37.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings data on Wednesday, February 11th. The company reported C$1.50 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$408.35 million during the quarter. As a group, equities analysts anticipate that TerraVest Industries Inc. will post 4.4510412 earnings per share 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.