Canaccord Genuity Group Forecasts Strong Price Appreciation for TerraVest Industries (TSE:TVK) Stock

TerraVest Industries (TSE:TVK) had its target price increased by analysts at Canaccord Genuity Group from C$195.00 to C$209.00 in a report released on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 20.59% from the stock’s current price.

TVK has been the topic of several other research reports. BMO Capital Markets upgraded shares of TerraVest Industries from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$150.00 to C$200.00 in a research note on Friday, December 12th. Scotiabank upped their price target on TerraVest Industries from C$165.00 to C$179.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$187.17.

TerraVest Industries Stock Up 3.5%

TVK traded up C$5.80 during trading on Monday, reaching C$173.32. 45,461 shares of the stock traded hands, compared to its average volume of 54,799. The stock has a market cap of C$3.76 billion, a price-to-earnings ratio of 41.97 and a beta of 0.60. The stock’s 50-day simple moving average is C$140.52 and its two-hundred day simple moving average is C$146.44. TerraVest Industries has a fifty-two week low of C$100.31 and a fifty-two week high of C$176.64. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data on Thursday, December 11th. The company reported C$0.83 earnings per share (EPS) for the quarter. TerraVest Industries had a net margin of 6.97% and a return on equity of 20.85%. The business had revenue of C$419.41 million during the quarter. As a group, equities research analysts expect that TerraVest Industries will post 4.4510412 EPS for the current 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.