TerraVest Industries (TSE:TVK) Sets New 52-Week Low – What’s Next?

TerraVest Industries Inc. (TSE:TVK)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$95.00 and last traded at C$115.74, with a volume of 861747 shares. The stock had previously closed at C$158.43.

Analyst Ratings Changes

TVK has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on TerraVest Industries from C$190.00 to C$170.00 in a research note on Friday, May 15th. Canaccord Genuity Group cut their target price on shares of TerraVest Industries from C$192.00 to C$190.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. National Bank Financial cut their target price 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 target price on TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating on the stock in a report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$175.33.

TerraVest Industries Stock Performance

The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91. The stock’s 50-day moving average price is C$136.40 and its 200-day moving average price is C$143.02. The company has a market cap of C$2.46 billion, a P/E ratio of 34.68 and a beta of 0.79.

TerraVest Industries (TSE:TVK) last released its quarterly earnings results 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 business had revenue of C$442.57 million for the quarter. Equities analysts anticipate that TerraVest Industries Inc. will post 4.4510412 EPS for the current year.

TerraVest Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, April 10th were paid a $0.20 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. TerraVest Industries’s dividend payout ratio is 22.94%.

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.