TerraVest Industries (TSE:TVK) Price Target Cut to C$170.00 by Analysts at National Bank Financial

TerraVest Industries (TSE:TVK) had its price objective decreased by National Bank Financial from C$175.00 to C$170.00 in a report published on Friday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets dropped their target price on TerraVest Industries from C$190.00 to C$170.00 in a report on Friday. Scotiabank dropped their target price on TerraVest Industries from C$187.00 to C$178.00 and set a “sector outperform” rating for the company in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$179.50.

TerraVest Industries Trading Up 0.6%

Shares of TerraVest Industries stock opened at C$132.75 on Friday. The business has a fifty day simple moving average of C$134.46 and a two-hundred day simple moving average of C$141.09. TerraVest Industries has a 1 year low of C$115.75 and a 1 year high of C$176.64. The company has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 31.53 and a beta of 0.83. The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91.

TerraVest Industries (TSE:TVK) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.45 earnings per share (EPS) for the quarter. TerraVest Industries had a return on equity of 9.99% and a net margin of 4.35%.The business had revenue of C$442.57 million during the quarter. Research analysts forecast that TerraVest Industries will post 4.4510412 EPS for the current year.

TerraVest Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. TerraVest Industries’s dividend payout ratio (DPR) is currently 17.22%.

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.