TerraVest Industries Inc. (TSE:TVK) Given Consensus Rating of “Buy” by Brokerages

TerraVest Industries Inc. (TSE:TVK) has earned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$187.17.

TVK has been the subject of a number of recent analyst reports. Scotiabank lifted their price target on shares of TerraVest Industries from C$165.00 to C$179.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Canaccord Genuity Group increased their price objective on shares of TerraVest Industries from C$195.00 to C$209.00 in a research report on Monday, January 12th. Finally, BMO Capital Markets upgraded shares of TerraVest Industries from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$150.00 to C$200.00 in a report on Friday, December 12th.

TerraVest Industries Price Performance

TVK stock opened at C$159.99 on Monday. TerraVest Industries has a 52-week low of C$100.31 and a 52-week high of C$176.64. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The stock has a market cap of C$3.47 billion, a price-to-earnings ratio of 38.74 and a beta of 0.60. The business has a fifty day moving average of C$144.78 and a two-hundred day moving average of C$146.46.

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