TerraVest Industries (TSE:TVK) Shares Down 12.6% – Here’s Why

TerraVest Industries Inc. (TSE:TVK)’s stock price traded down 12.6% on Wednesday . The company traded as low as C$136.70 and last traded at C$137.05. 71,437 shares were traded during trading, an increase of 9% from the average session volume of 65,573 shares. The stock had previously closed at C$156.76.

Analyst Ratings Changes

A number of analysts have issued reports on TVK shares. Scotiabank lifted their price target on shares of TerraVest Industries from C$179.00 to C$184.50 and gave the company an “outperform” rating in a report on Thursday, February 5th. Canaccord Genuity Group raised their price objective on TerraVest Industries from C$195.00 to C$209.00 in a research report on Monday, January 12th. Finally, BMO Capital Markets raised TerraVest Industries from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$150.00 to C$200.00 in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, TerraVest Industries presently has an average rating of “Buy” and an average price target of C$188.08.

TerraVest Industries Stock Performance

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 business has a 50 day moving average price of C$153.68 and a 200 day moving average price of C$144.37. The stock has a market cap of C$3.13 billion, a P/E ratio of 34.93 and a beta of 0.57.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings results on Wednesday, February 11th. The company reported C$1.50 earnings per share (EPS) for the quarter. The firm had revenue of C$408.35 million during the quarter. TerraVest Industries had a return on equity of 20.85% and a net margin of 6.97%. As a group, sell-side analysts expect that TerraVest Industries Inc. will post 4.4510412 EPS for the current 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.