TerraVest Industries (TSE:TVK) Price Target Raised to C$180.00 at National Bank Financial

TerraVest Industries (TSE:TVK) had its target price lifted by investment analysts at National Bank Financial from C$170.00 to C$180.00 in a research note issued on Friday,BayStreet.CA reports. National Bank Financial’s price objective would suggest a potential upside of 38.48% from the stock’s current price.

TVK has been the topic of a number of other research reports. BMO Capital Markets boosted their target price on shares of TerraVest Industries from C$160.00 to C$170.00 in a research note on Friday. Canaccord Genuity Group dropped their price target on TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Scotiabank reduced their price objective on TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, May 19th. Finally, Canadian Imperial Bank of Commerce upped their target price on TerraVest Industries from C$130.00 to C$148.00 in a report on Friday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, TerraVest Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of C$164.17.

TerraVest Industries Price Performance

Shares of TVK stock traded down C$3.45 on Friday, reaching C$129.98. The company had a trading volume of 71,928 shares, compared to its average volume of 98,074. The business’s 50-day moving average is C$118.09 and its 200 day moving average is C$132.61. TerraVest Industries has a one year low of C$95.00 and a one year high of C$175.20. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 145.05. The stock has a market capitalization of C$2.82 billion, a PE ratio of 39.75 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 company had revenue of C$921.79 million for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. 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.