TerraVest Industries (TSE:TVK) Given New C$190.00 Price Target at Canaccord Genuity Group

TerraVest Industries (TSE:TVK) had its target price lowered by stock analysts at Canaccord Genuity Group from C$192.00 to C$190.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 48.34% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. National Bank Financial dropped their price target on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a research report on Friday. BMO Capital Markets dropped their price target on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday. Finally, Scotiabank dropped their price target on shares of TerraVest Industries from C$187.00 to C$178.00 and set a “sector outperform” rating for the company in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$175.33.

TerraVest Industries Trading Down 3.5%

TVK traded down C$4.67 during trading on Tuesday, hitting C$128.08. 101,517 shares of the stock traded hands, compared to its average volume of 83,627. The firm has a market capitalization of C$2.78 billion, a P/E ratio of 39.17 and a beta of 0.83. The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91. The firm has a 50-day moving average of C$134.15 and a 200 day moving average of C$141.06. TerraVest Industries has a 12-month low of C$115.75 and a 12-month high of C$175.20.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.45 earnings per share for the quarter. The business had revenue of C$442.57 million during the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. Equities research analysts anticipate that TerraVest Industries will post 4.4510412 EPS 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.