TerraVest Industries (TSE:TVK) Price Target Raised to C$130.00

TerraVest Industries (TSE:TVK) had its price target increased by Scotiabank from C$129.00 to C$130.00 in a research report sent to investors on Thursday morning,BayStreet reports. Scotiabank currently has a sector perform rating on the stock.

A number of other brokerages also recently commented on TVK. Canadian Imperial Bank of Commerce boosted their target price on TerraVest Industries from C$130.00 to C$148.00 in a research note on Friday, August 14th. BMO Capital Markets raised their price target on TerraVest Industries from C$160.00 to C$170.00 in a research note on Friday, August 14th. Finally, National Bank Financial lifted their price target on TerraVest Industries from C$170.00 to C$180.00 in a report on Friday, August 14th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$153.60.

TerraVest Industries Trading Up 0.7%

TerraVest Industries stock opened at C$114.61 on Thursday. TerraVest Industries has a 12 month low of C$95.00 and a 12 month high of C$175.20. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 151.79. The stock has a market cap of C$2.46 billion, a P/E ratio of 27.62 and a beta of 1.10. The company’s fifty day simple moving average is C$116.84 and its 200-day simple moving average is C$123.37.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$1.40 earnings per share (EPS) for the quarter. The business had revenue of C$921.79 million during the quarter. TerraVest Industries had a return on equity of 12.40% and a net margin of 5.35%. As a group, sell-side analysts forecast that TerraVest Industries will post 4.45 EPS for the current fiscal year.

TerraVest Industries Company Profile

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.