TerraVest Industries Inc. (TSE:TVK) Given Average Rating of “Moderate Buy” by Brokerages

TerraVest Industries Inc. (TSE:TVK) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$179.50.

TVK has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on TerraVest Industries from C$190.00 to C$170.00 in a report on Friday. Scotiabank cut their price target on TerraVest Industries from C$187.00 to C$178.00 and set a “sector outperform” rating on the stock in a report on Monday, May 4th. Finally, National Bank Financial cut their price target on TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a report on Friday.

TerraVest Industries Stock Performance

TSE:TVK opened at C$132.75 on Friday. The company has a market capitalization of C$2.88 billion, a PE ratio of 31.53 and a beta of 0.83. The company has a 50 day simple moving average of C$134.46 and a two-hundred day simple moving average of C$141.09. The company has a debt-to-equity ratio of 145.05, a quick ratio of 0.91 and a current ratio of 1.49. TerraVest Industries has a fifty-two week low of C$115.75 and a fifty-two week high of C$176.64.

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

TerraVest Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 31st. TerraVest Industries’s dividend payout ratio is presently 17.22%.

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.