TerraVest Industries (TSE:TVK) Price Target Raised to C$209.00

TerraVest Industries (TSE:TVK) had its price target boosted by Canaccord Genuity Group from C$195.00 to C$209.00 in a report released on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on TVK. Scotiabank increased their target price on TerraVest Industries from C$165.00 to C$179.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. BMO Capital Markets upgraded shares of TerraVest Industries from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$150.00 to C$200.00 in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$187.17.

TerraVest Industries Stock Performance

Shares of TVK opened at C$172.62 on Monday. TerraVest Industries has a one year low of C$100.31 and a one year high of C$176.64. The company has a market cap of C$3.74 billion, a PE ratio of 41.80 and a beta of 0.60. The stock has a 50-day moving average of C$143.25 and a 200-day moving average of C$146.68. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings results on Thursday, December 11th. The company reported C$0.83 earnings per share for the quarter. TerraVest Industries had a return on equity of 20.85% and a net margin of 6.97%.The business had revenue of C$419.41 million for the quarter. On average, equities research analysts predict 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.