TerraVest Industries Inc. (TSE:TVK) Receives C$188.08 Average PT from Brokerages

TerraVest Industries Inc. (TSE:TVK) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$188.08.

TVK has been the topic of a number of recent analyst reports. Scotiabank lifted their price target on shares of TerraVest Industries from C$179.00 to C$184.50 and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity Group raised their target price on shares of TerraVest Industries from C$195.00 to C$209.00 in a research note on Monday, January 12th. Finally, BMO Capital Markets raised shares of TerraVest Industries from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$150.00 to C$200.00 in a research report on Friday, December 12th.

TerraVest Industries Price Performance

Shares of TSE:TVK opened at C$154.35 on Friday. The stock has a market capitalization of C$3.35 billion, a P/E ratio of 37.37 and a beta of 0.57. The business has a 50-day moving average of C$152.29 and a two-hundred day moving average of C$144.50. TerraVest Industries has a fifty-two week low of C$100.31 and a fifty-two week high of C$176.64. 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 issued its quarterly earnings data 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.