TerraVest Industries (TSE:TVK) Price Target Raised to C$184.50

TerraVest Industries (TSE:TVK) had its price objective boosted by Scotiabank from C$179.00 to C$184.50 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on TVK. Canaccord Genuity Group upped their price target on TerraVest Industries from C$195.00 to C$209.00 in a report on Monday, January 12th. 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$188.08.

TerraVest Industries Trading Up 2.8%

TVK opened at C$154.35 on Thursday. The business’s 50 day moving average is C$152.29 and its two-hundred day moving average is C$144.66. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. TerraVest Industries has a 52 week low of C$100.31 and a 52 week high of C$176.64. The firm has a market cap of C$3.35 billion, a price-to-earnings ratio of 37.37 and a beta of 0.57.

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 during the quarter. TerraVest Industries had a return on equity of 20.85% and a net margin of 6.97%. On average, research analysts predict that TerraVest Industries will post 4.4510412 EPS 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.