Canaccord Genuity Group Lowers TerraVest Industries (TSE:TVK) Price Target to C$140.00

TerraVest Industries (TSE:TVK) had its target price dropped by Canaccord Genuity Group from C$190.00 to C$140.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 25.38% from the stock’s current price.

Several other equities research analysts have also issued reports on TVK. BMO Capital Markets decreased their price target on shares of TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday, May 15th. National Bank Financial decreased their price target on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Finally, Scotiabank decreased their price target 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 note on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$167.00.

TerraVest Industries Stock Up 2.7%

TSE:TVK traded up C$2.96 on Tuesday, hitting C$111.66. The stock had a trading volume of 134,332 shares, compared to its average volume of 103,959. 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 stock has a market cap of C$2.42 billion, a P/E ratio of 34.15 and a beta of 0.79. TerraVest Industries has a 1 year low of C$95.00 and a 1 year high of C$175.20. The firm’s fifty day simple moving average is C$135.15 and its two-hundred day simple moving average is C$142.86.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. The firm had revenue of C$442.57 million during the quarter. Analysts predict that TerraVest Industries will post 4.4510412 earnings per share 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.