TerraVest Industries (TSE:TVK) Given New C$170.00 Price Target at BMO Capital Markets

TerraVest Industries (TSE:TVK) had its target price lifted by BMO Capital Markets from C$160.00 to C$170.00 in a research note released on Friday,BayStreet.CA reports.

Several other research analysts have also weighed in on the stock. Scotiabank decreased 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 report on Tuesday, May 19th. Canadian Imperial Bank of Commerce reduced their price target on shares of TerraVest Industries from C$160.00 to C$130.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. National Bank Financial decreased their price target on 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, Canaccord Genuity Group lowered 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$162.00.

TerraVest Industries Trading Down 2.7%

Shares of TVK opened at C$129.77 on Friday. The stock has a market cap of C$2.81 billion, a PE ratio of 39.69 and a beta of 0.86. TerraVest Industries has a 12 month low of C$95.00 and a 12 month high of C$175.20. The stock’s 50-day moving average is C$118.52 and its two-hundred day moving average is C$132.59. The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$1.40 EPS for the quarter. TerraVest Industries had a return on equity of 9.99% and a net margin of 4.35%.The firm had revenue of C$921.79 million during the quarter. Equities analysts forecast that TerraVest Industries will post 4.4510412 earnings per share for the current fiscal year.

Key Stories Impacting TerraVest Industries

Here are the key news stories impacting TerraVest Industries this week:

• Positive Sentiment: Analysts raised their price targets: National Bank Financial increased its target from C$170 to C$180, BMO Capital Markets raised its target from C$160 to C$170 while reiterating a Buy rating, and CIBC lifted its target from C$130 to C$148. The revisions imply roughly 13% to 38% potential upside from the referenced share price and signal improving confidence in TerraVest’s earnings trajectory. BayStreet analyst ratings
• Positive Sentiment: Quarterly profit benefited from acquisitions and core-business growth. TerraVest reported fiscal third-quarter EPS of C$1.40 and revenue of C$921.79 million, while a separate report highlighted 14% sales growth to C$460.9 million and momentum in its core tank business. The results suggest acquisitions are contributing to expansion and profitability. TerraVest profit and growth article TerraVest earnings release
• Positive Sentiment: Growth and EBITDA momentum remain key investment positives. BMO analyst John Gibson cited TerraVest’s structural growth opportunities and strong EBITDA momentum in maintaining his Buy recommendation and raising the price target to C$170. BMO analyst TerraVest rating
• Negative Sentiment: Valuation and balance-sheet considerations may be limiting the immediate reaction. TerraVest trades at a relatively high forward valuation, while its debt-to-equity ratio is elevated. Investors may therefore require continued earnings growth and successful integration of acquisitions to support further gains.

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.