TerraVest Industries (TSE:TVK) Reaches New 1-Year Low – Should You Sell?

TerraVest Industries Inc. (TSE:TVK)’s share price hit a new 52-week low on Friday . The company traded as low as C$95.00 and last traded at C$115.74, with a volume of 861747 shares traded. The stock had previously closed at C$158.43.

Wall Street Analysts Forecast Growth

TVK has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on TerraVest Industries from C$190.00 to C$170.00 in a report on Friday, May 15th. National Bank Financial decreased their price target on 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. Scotiabank decreased their price target on 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. Finally, Canaccord Genuity Group decreased their price target on TerraVest Industries from C$192.00 to C$190.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, TerraVest Industries presently has a consensus rating of “Moderate Buy” and an average price target of C$175.33.

TerraVest Industries Stock Down 31.6%

The company has a market cap of C$2.35 billion, a P/E ratio of 33.15 and a beta of 0.79. The stock’s 50-day moving average price is C$135.75 and its 200-day moving average price is C$142.78. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 145.05.

TerraVest Industries (TSE:TVK) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 earnings per share (EPS) for the quarter. The company had revenue of C$442.57 million for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. As a group, research analysts forecast that TerraVest Industries Inc. will post 4.4510412 EPS for the current year.

TerraVest Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were given 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 of this dividend was Tuesday, March 31st. TerraVest Industries’s dividend payout ratio is 22.94%.

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.