TerraVest Industries (TSE:TVK) Given New C$170.00 Price Target at National Bank Financial

TerraVest Industries (TSE:TVK) had its price target lowered by stock analysts at National Bank Financial from C$175.00 to C$170.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 30.37% from the company’s previous close.

A number of other brokerages have also issued reports on TVK. BMO Capital Markets reduced their target price on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday. Scotiabank reduced their target price on shares of TerraVest Industries from C$187.00 to C$178.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$179.50.

TerraVest Industries Price Performance

TSE:TVK traded down C$1.62 on Friday, reaching C$130.40. The stock had a trading volume of 108,168 shares, compared to its average volume of 82,970. The company has a market capitalization of C$2.83 billion, a P/E ratio of 30.97 and a beta of 0.83. TerraVest Industries has a 1-year low of C$115.75 and a 1-year high of C$176.64. The company has a quick ratio of 0.91, a current ratio of 1.51 and a debt-to-equity ratio of 124.54. The stock has a fifty day moving average price of C$134.68 and a 200-day moving average price of C$141.15.

TerraVest Industries (TSE:TVK) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. The firm had revenue of C$442.57 million for the quarter. TerraVest Industries had a net margin of 5.90% and a return on equity of 14.09%. Research analysts forecast that TerraVest Industries will post 4.4510412 EPS for the current year.

About TerraVest Industries

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.