TerraVest Industries (TSE:TVK) Stock Crosses Below Fifty Day Moving Average – What’s Next?

TerraVest Industries Inc. (TSE:TVK) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$127.03 and traded as low as C$114.00. TerraVest Industries shares last traded at C$116.58, with a volume of 78,975 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce cut their price target on TerraVest Industries from C$160.00 to C$130.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. BMO Capital Markets reduced 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 reduced their price objective on TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Canaccord Genuity Group reduced their target price on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Finally, Scotiabank decreased their price target on 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, TerraVest Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of C$159.50.

TerraVest Industries Price Performance

The business has a 50-day moving average of C$127.03 and a 200 day moving average of C$138.89. The firm has a market capitalization of C$2.53 billion, a PE ratio of 35.65 and a beta of 0.90. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 145.05.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. The company had revenue of C$442.56 million during the quarter. TerraVest Industries had a return on equity of 9.99% and a net margin of 4.35%. As a group, research analysts anticipate that TerraVest Industries Inc. will post 4.4510412 EPS for the current fiscal 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.