Scotiabank Downgrades TerraVest Industries (TSE:TVK) to Hold

TerraVest Industries (TSE:TVK) was downgraded by research analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets raised their price objective on shares of TerraVest Industries from C$160.00 to C$170.00 in a research report on Friday, August 14th. Canaccord Genuity Group decreased their target price 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. National Bank Financial increased their price target on shares of TerraVest Industries from C$170.00 to C$180.00 in a research note on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of TerraVest Industries from C$130.00 to C$148.00 in a report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, TerraVest Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of C$162.00.

TerraVest Industries Stock Down 0.2%

TVK opened at C$117.70 on Monday. TerraVest Industries has a fifty-two week low of C$95.00 and a fifty-two week high of C$175.20. The business has a 50-day moving average of C$118.86 and a 200-day moving average of C$132.01. The company has a debt-to-equity ratio of 151.79, a current ratio of 1.54 and a quick ratio of 0.91. The company has a market capitalization of C$2.52 billion, a PE ratio of 28.36 and a beta of 0.86.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$1.40 earnings per share (EPS) for the quarter. The business had revenue of C$921.79 million during the quarter. TerraVest Industries had a return on equity of 12.40% and a net margin of 5.35%. Equities research analysts forecast that TerraVest Industries will post 4.4510412 EPS for the current fiscal 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.