TerraVest Industries (TSE:TVK) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

TerraVest Industries (TSE:TVK) had its price target boosted by investment analysts at Canaccord Genuity Group from C$195.00 to C$209.00 in a research note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 20.59% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. BMO Capital Markets raised TerraVest Industries from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$150.00 to C$200.00 in a research note on Friday, December 12th. Scotiabank lifted their target price on shares of TerraVest Industries from C$165.00 to C$179.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$187.17.

TerraVest Industries Price Performance

TVK stock traded up C$5.80 during midday trading on Monday, reaching C$173.32. 45,461 shares of the stock were exchanged, compared to its average volume of 54,799. The company has a fifty day moving average price of C$140.52 and a 200 day moving average price of C$146.44. TerraVest Industries has a 52 week low of C$100.31 and a 52 week high of C$176.64. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The stock has a market capitalization of C$3.76 billion, a PE ratio of 41.97 and a beta of 0.60.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings data on Thursday, December 11th. The company reported C$0.83 earnings per share for the quarter. The company had revenue of C$419.41 million for the quarter. TerraVest Industries had a net margin of 6.97% and a return on equity of 20.85%. As a group, analysts expect that TerraVest Industries will post 4.4510412 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.