TerraVest Industries (TSE:TVK) Stock Crosses Below 50-Day Moving Average – Here’s Why

TerraVest Industries Inc. (TSE:TVK)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$148.59 and traded as low as C$141.86. TerraVest Industries shares last traded at C$142.08, with a volume of 48,867 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on TVK. Scotiabank lifted their price objective on shares of TerraVest Industries from C$165.00 to C$179.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Canaccord Genuity Group lifted their price target on TerraVest Industries from C$195.00 to C$209.00 in a research report on Monday, January 12th. Finally, BMO Capital Markets upgraded TerraVest Industries from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$150.00 to C$200.00 in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, TerraVest Industries presently has an average rating of “Buy” and a consensus price target of C$187.17.

TerraVest Industries Stock Performance

The firm has a fifty day moving average of C$148.59 and a 200 day moving average of C$145.56. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The stock has a market capitalization of C$3.08 billion, a price-to-earnings ratio of 34.40 and a beta of 0.60.

TerraVest Industries (TSE:TVK) last released its quarterly earnings data on Thursday, December 11th. The company reported C$0.83 EPS for the quarter. The business had revenue of C$419.41 million for the quarter. TerraVest Industries had a return on equity of 20.85% and a net margin of 6.97%. On average, sell-side analysts anticipate that TerraVest Industries Inc. will post 4.4510412 earnings per share 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.