TerraVest Industries (TSE:TVK) Downgraded by Scotiabank to “Hold”

Scotiabank lowered shares of TerraVest Industries (TSE:TVK) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on TVK. BMO Capital Markets raised their price objective on TerraVest Industries from C$160.00 to C$170.00 in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce increased their price target on shares of TerraVest Industries from C$130.00 to C$148.00 in a research report on Friday, August 14th. National Bank Financial raised their price target on shares of TerraVest Industries from C$170.00 to C$180.00 in a report on Friday, August 14th. Finally, Canaccord Genuity Group dropped their price objective on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$162.00.

TerraVest Industries Stock Down 0.2%

Shares of TSE:TVK opened at C$117.70 on Monday. The firm has a 50 day simple moving average of C$118.86 and a 200 day simple moving average of C$132.01. TerraVest Industries has a 52 week low of C$95.00 and a 52 week high of C$175.20. The company has a debt-to-equity ratio of 151.79, a quick ratio of 0.91 and a current ratio of 1.54. The company has a market cap of C$2.52 billion, a PE ratio of 28.36 and a beta of 0.86.

TerraVest Industries (TSE:TVK) last released its earnings results 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, research analysts expect that TerraVest Industries will post 4.4510412 earnings per share 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.