TerraVest Industries (TSE:TVK) Trading 12.7% Higher – Should You Buy?

TerraVest Industries Inc. (TSE:TVK)’s share price shot up 12.7% on Thursday . The stock traded as high as C$140.99 and last traded at C$138.10. Approximately 192,018 shares were traded during trading, an increase of 97% from the average daily volume of 97,354 shares. The stock had previously closed at C$122.57.

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.

Analysts Set New Price Targets

TVK has been the subject of several recent research reports. Canaccord Genuity Group dropped their price target on shares of 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. BMO Capital Markets lifted their price objective on TerraVest Industries from C$160.00 to C$170.00 in a report on Friday. National Bank Financial upped their price objective on TerraVest Industries from C$170.00 to C$180.00 in a research note on Friday. Scotiabank dropped their target price on TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating for the company in a report on Tuesday, May 19th. Finally, Canadian Imperial Bank of Commerce raised their target price on TerraVest Industries from C$130.00 to C$148.00 in a research report on Friday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, TerraVest Industries has an average rating of “Moderate Buy” and an average price target of C$162.00.

TerraVest Industries Trading Down 2.7%

The company’s fifty day moving average price is C$118.52 and its two-hundred day moving average price is C$132.59. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 145.05. The company has a market cap of C$2.81 billion, a price-to-earnings ratio of 39.69 and a beta of 0.86.

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