TerraVest Industries (TSE:TVK) Stock Price Expected to Rise, Scotiabank Analyst Says

TerraVest Industries (TSE:TVK) had its price objective upped by stock analysts at Scotiabank from C$129.00 to C$130.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 15.29% from the stock’s previous close.

Several other equities analysts have also weighed in on TVK. National Bank Financial increased their target price on TerraVest Industries from C$170.00 to C$180.00 in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce boosted their target price on TerraVest Industries from C$130.00 to C$148.00 in a research report on Friday, August 14th. Finally, BMO Capital Markets boosted their target price on TerraVest Industries from C$160.00 to C$170.00 in a research report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$153.60.

TerraVest Industries Trading Up 1.3%

Shares of TerraVest Industries stock traded up C$1.43 on Thursday, hitting C$112.76. 34,780 shares of the company’s stock traded hands, compared to its average volume of 90,230. The firm’s 50-day moving average price is C$117.08 and its two-hundred day moving average price is C$123.63. The company has a debt-to-equity ratio of 151.79, a current ratio of 1.54 and a quick ratio of 0.91. The stock has a market capitalization of C$2.42 billion, a PE ratio of 27.17 and a beta of 1.10. TerraVest Industries has a one year low of C$95.00 and a one year high of C$175.20.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$1.40 earnings per share (EPS) for the quarter. TerraVest Industries had a return on equity of 12.40% and a net margin of 5.35%. The business had revenue of C$921.79 million for the quarter. On average, research analysts expect that TerraVest Industries will post 4.45 EPS for the current fiscal 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.