TerraVest Industries (TSE:TVK) Given New C$190.00 Price Target at Canaccord Genuity Group

TerraVest Industries (TSE:TVK) had its price objective cut by stock analysts at Canaccord Genuity Group from C$192.00 to C$190.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 48.34% from the stock’s current price.

Several other research analysts have also issued reports on the stock. National Bank Financial decreased their price target on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a research note on Friday. BMO Capital Markets decreased their price target on shares of TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday. Finally, Scotiabank reduced their price objective on shares of TerraVest Industries from C$187.00 to C$178.00 and set a “sector outperform” rating for the company in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$175.33.

TerraVest Industries Stock Down 3.5%

Shares of TerraVest Industries stock traded down C$4.67 during trading on Tuesday, hitting C$128.08. The company’s stock had a trading volume of 101,517 shares, compared to its average volume of 83,627. The company has a debt-to-equity ratio of 145.05, a quick ratio of 0.91 and a current ratio of 1.49. The company has a fifty day simple moving average of C$134.15 and a two-hundred day simple moving average of C$141.06. The company has a market capitalization of C$2.78 billion, a PE ratio of 39.17 and a beta of 0.83. TerraVest Industries has a 52 week low of C$115.75 and a 52 week high of C$175.20.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.45 earnings per share (EPS) for the quarter. The company had revenue of C$442.57 million during the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. Equities research analysts predict that TerraVest Industries will post 4.4510412 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.