National Bank Financial Issues Positive Forecast for TerraVest Industries (TSE:TVK) Stock Price

TerraVest Industries (TSE:TVK) had its price objective boosted by National Bank Financial from C$170.00 to C$180.00 in a research report sent to investors on Friday,BayStreet.CA reports.

TVK has been the topic of several other reports. BMO Capital Markets raised their price target on TerraVest Industries from C$160.00 to C$170.00 in a research report on Friday. Canaccord Genuity Group lowered their price objective on TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Canadian Imperial Bank of Commerce increased their price objective on TerraVest Industries from C$130.00 to C$148.00 in a research note on Friday. Finally, Scotiabank cut their target price on shares of TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating on the stock in a report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TerraVest Industries presently has an average rating of “Moderate Buy” and an average target price of C$162.00.

TerraVest Industries Stock Down 2.7%

Shares of TSE TVK opened at C$129.77 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. The business has a 50-day moving average of C$118.52 and a 200-day moving average of C$132.59. The firm has a market capitalization of C$2.81 billion, a price-to-earnings ratio of 39.69 and a beta of 0.86. TerraVest Industries has a 12 month low of C$95.00 and a 12 month high of C$175.20.

TerraVest Industries (TSE:TVK) last released its quarterly earnings results on Thursday, August 13th. The company reported C$1.40 earnings per share for the quarter. The business had revenue of C$921.79 million for the quarter. TerraVest Industries had a return on equity of 9.99% and a net margin of 4.35%. Sell-side analysts expect that TerraVest Industries will post 4.4510412 earnings per share for the current fiscal year.

Trending Headlines about TerraVest Industries

Here are the key news stories impacting TerraVest Industries this week:

• Positive Sentiment: Analysts raised their price targets: National Bank Financial increased its target from C$170 to C$180, BMO Capital Markets raised its target from C$160 to C$170 while reiterating a Buy rating, and CIBC lifted its target from C$130 to C$148. The revisions imply roughly 13% to 38% potential upside from the referenced share price and signal improving confidence in TerraVest’s earnings trajectory. BayStreet analyst ratings
• Positive Sentiment: Quarterly profit benefited from acquisitions and core-business growth. TerraVest reported fiscal third-quarter EPS of C$1.40 and revenue of C$921.79 million, while a separate report highlighted 14% sales growth to C$460.9 million and momentum in its core tank business. The results suggest acquisitions are contributing to expansion and profitability. TerraVest profit and growth article TerraVest earnings release
• Positive Sentiment: Growth and EBITDA momentum remain key investment positives. BMO analyst John Gibson cited TerraVest’s structural growth opportunities and strong EBITDA momentum in maintaining his Buy recommendation and raising the price target to C$170. BMO analyst TerraVest rating
• Negative Sentiment: Valuation and balance-sheet considerations may be limiting the immediate reaction. TerraVest trades at a relatively high forward valuation, while its debt-to-equity ratio is elevated. Investors may therefore require continued earnings growth and successful integration of acquisitions to support further gains.

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.