TerraVest Industries Inc. (TSE:TVK) Given Average Recommendation of “Moderate Buy” by Analysts

TerraVest Industries Inc. (TSE:TVK) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$167.00.

A number of brokerages have recently issued reports on TVK. Scotiabank reduced their price objective on shares of 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. BMO Capital Markets reduced their price objective on shares of TerraVest Industries from C$190.00 to C$170.00 in a report on Friday, May 15th. 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 report on Friday, May 15th. Finally, Canaccord Genuity Group reduced their price objective on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating for the company in a report on Tuesday.

TerraVest Industries Trading Down 0.9%

TSE:TVK opened at C$114.14 on Thursday. 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 stock has a market capitalization of C$2.48 billion, a price-to-earnings ratio of 34.91 and a beta of 0.79. The firm has a fifty day simple moving average of C$134.22 and a two-hundred day simple moving average of C$142.80. 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 posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.45 EPS 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%. Analysts expect that TerraVest Industries will post 4.4510412 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 31st. TerraVest Industries’s dividend payout ratio (DPR) is currently 22.94%.

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.