TerraVest Industries (TSE:TVK) Stock Crosses Above 50-Day Moving Average – Time to Sell?

TerraVest Industries Inc. (TSE:TVK) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$117.22 and traded as high as C$117.26. TerraVest Industries shares last traded at C$117.08, with a volume of 112,563 shares trading hands.

Analyst Ratings Changes

Several analysts have recently issued reports on TVK shares. BMO Capital Markets upped their price target on TerraVest Industries from C$160.00 to C$170.00 in a research note on Friday, August 14th. National Bank Financial raised their price objective on TerraVest Industries from C$170.00 to C$180.00 in a research note on Friday, August 14th. Scotiabank boosted their target price on TerraVest Industries from C$129.00 to C$130.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Canadian Imperial Bank of Commerce boosted their target price on TerraVest Industries from C$130.00 to C$148.00 in a report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, TerraVest Industries presently has an average rating of “Moderate Buy” and a consensus target price of C$153.60.

TerraVest Industries Stock Up 2.2%

The business’s 50 day moving average is C$116.95 and its 200-day moving average is C$123.44. The company has a debt-to-equity ratio of 151.79, a quick ratio of 0.91 and a current ratio of 1.54. The firm has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 27.42 and a beta of 1.10.

TerraVest Industries (TSE:TVK) last announced its earnings results on Thursday, August 13th. The company reported C$1.40 EPS for the quarter. TerraVest Industries had a net margin of 5.35% and a return on equity of 12.40%. The firm had revenue of C$921.79 million for the quarter. Equities analysts anticipate that TerraVest Industries Inc. will post 4.45 EPS for the current fiscal 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.