Canadian Imperial Bank of Commerce Lowers TerraVest Industries (TSE:TVK) Price Target to C$130.00

TerraVest Industries (TSE:TVK) had its price target reduced by Canadian Imperial Bank of Commerce from C$160.00 to C$130.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s target price would indicate a potential upside of 14.14% from the stock’s previous close.

TVK has been the topic of several other research reports. Canaccord Genuity Group reduced their price objective on TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Scotiabank cut their price objective on shares of TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating for the company in a research report on Tuesday, May 19th. BMO Capital Markets decreased their target price on shares of TerraVest Industries from C$190.00 to C$170.00 in a report on Friday, May 15th. Finally, National Bank Financial lowered their target price on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$159.50.

TerraVest Industries Price Performance

Shares of TVK stock traded down C$4.17 during trading on Wednesday, hitting C$113.90. The company had a trading volume of 50,979 shares, compared to its average volume of 102,603. The stock’s 50-day moving average price is C$129.30 and its 200 day moving average price is C$140.85. TerraVest Industries has a one year low of C$95.00 and a one year high of C$175.20. 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 firm has a market capitalization of C$2.47 billion, a P/E ratio of 34.83 and a beta of 0.90.

TerraVest Industries (TSE:TVK) last announced its earnings results on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. TerraVest Industries had a return on equity of 9.99% and a net margin of 4.35%.The company had revenue of C$442.56 million for the quarter. Equities analysts expect that TerraVest Industries will post 4.4510412 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.