TerraVest Industries (TSE:TVK) Stock Price Breaks Above Fifty Day Moving Average – What’s Next?

Shares of TerraVest Industries Inc. (TSE:TVK) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$117.22 and traded as high as C$117.26. TerraVest Industries shares last traded at C$117.08, with a volume of 112,563 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TVK shares. Scotiabank downgraded shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. 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. National Bank Financial boosted their price objective 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 boosted their price objective on shares of TerraVest Industries from C$130.00 to C$148.00 in a research note on Friday, August 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$162.00.

TerraVest Industries Trading Up 6.2%

The stock has a market cap of C$2.51 billion, a P/E ratio of 28.21 and a beta of 1.10. The firm’s fifty day moving average price is C$117.22 and its two-hundred day moving average price is C$123.83. The company has a debt-to-equity ratio of 151.79, a current ratio of 1.54 and a quick ratio of 0.91.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$1.40 earnings per share (EPS) for the quarter. TerraVest Industries had a return on equity of 12.40% and a net margin of 5.35%. The company had revenue of C$921.79 million during the quarter. As a group, equities research analysts forecast that TerraVest Industries Inc. will post 4.45 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.