TerraVest Industries Inc. (TSE:TVK) Receives Average Recommendation of “Moderate Buy” from Brokerages

TerraVest Industries Inc. (TSE:TVK) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$175.33.

TVK has been the subject of a number of analyst reports. National Bank Financial reduced their price objective on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Scotiabank reduced their price target on shares of TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating for the company in a research report on Tuesday. BMO Capital Markets reduced their price target on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday, May 15th. Finally, Canaccord Genuity Group reduced their price target on shares of TerraVest Industries from C$192.00 to C$190.00 and set a “buy” rating for the company in a research report on Tuesday.

TerraVest Industries Price Performance

TVK stock opened at C$141.20 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 145.05. TerraVest Industries has a one year low of C$115.75 and a one year high of C$175.20. The firm has a market capitalization of C$3.06 billion, a PE ratio of 43.18 and a beta of 0.83. The firm has a 50-day moving average of C$133.60 and a two-hundred day moving average of C$141.06.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. The company had revenue of C$442.57 million during the quarter. On average, analysts forecast that TerraVest Industries will post 4.4510412 earnings per share for the current year.

TerraVest Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 31st. TerraVest Industries’s dividend payout ratio is 22.94%.

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.