TerraVest Industries (TSE:TVK) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

TerraVest Industries Inc. (TSE:TVK)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$112.95 and traded as high as C$114.45. TerraVest Industries shares last traded at C$113.44, with a volume of 40,990 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on TVK shares. National Bank Financial boosted their price target on shares of TerraVest Industries from C$170.00 to C$180.00 in a report on Friday, August 14th. BMO Capital Markets increased their price objective on TerraVest Industries from C$160.00 to C$170.00 in a report on Friday, August 14th. Scotiabank lifted their price objective on TerraVest Industries from C$129.00 to C$130.00 and gave the company a “sector perform” rating in a research report on Thursday, October 15th. Finally, Canadian Imperial Bank of Commerce lowered their target price on TerraVest Industries from C$148.00 to C$134.00 in a research note on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$150.80.

TerraVest Industries Stock Up 0.7%

The business has a fifty day moving average of C$112.73 and a 200 day moving average of C$126.50. The stock has a market cap of C$2.43 billion, a price-to-earnings ratio of 27.30 and a beta of 0.86. 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 announced its quarterly earnings results on Thursday, August 13th. The company reported C$1.40 EPS for the quarter. TerraVest Industries had a net margin of 5.35% and a return on equity of 12.40%. The company had revenue of C$921.79 million for the quarter. On average, equities analysts predict that TerraVest Industries Inc. will post 4.45 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.