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

TerraVest Industries (TSE:TVK) had its price target lifted by Scotiabank from C$179.00 to C$184.50 in a report released on Thursday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on the company. Canaccord Genuity Group upped their price target on TerraVest Industries from C$195.00 to C$209.00 in a research note on Monday, January 12th. BMO Capital Markets raised shares of TerraVest Industries from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$150.00 to C$200.00 in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, TerraVest Industries presently has an average rating of “Buy” and a consensus price target of C$188.08.

TerraVest Industries Price Performance

Shares of TSE:TVK opened at C$150.13 on Thursday. The company has a 50-day simple moving average of C$151.74 and a 200-day simple moving average of C$144.86. TerraVest Industries has a one year low of C$100.31 and a one year high of C$176.64. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The stock has a market capitalization of C$3.26 billion, a price-to-earnings ratio of 36.35 and a beta of 0.57.

TerraVest Industries (TSE:TVK) last released its quarterly earnings results on Thursday, December 11th. The company reported C$0.83 earnings per share (EPS) for the quarter. The firm had revenue of C$419.41 million for the quarter. TerraVest Industries had a return on equity of 20.85% and a net margin of 6.97%. On average, 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.