Canaccord Genuity Group Lowers TerraVest Industries (TSE:TVK) Price Target to C$140.00

TerraVest Industries (TSE:TVK) had its price objective decreased by analysts at Canaccord Genuity Group from C$190.00 to C$140.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 25.38% from the stock’s previous close.

TVK has been the subject of a number of other reports. National Bank Financial reduced their price objective on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Scotiabank reduced their price target on shares of TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating for the company in a research report on Tuesday, May 19th. Finally, BMO Capital Markets reduced their price target on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, TerraVest Industries has a consensus rating of “Moderate Buy” and a consensus target price of C$167.00.

TerraVest Industries Stock Performance

TerraVest Industries stock traded up C$2.96 during mid-day trading on Tuesday, reaching C$111.66. The company’s stock had a trading volume of 134,332 shares, compared to its average volume of 103,959. TerraVest Industries has a 12-month low of C$95.00 and a 12-month high of C$175.20. The company has a market capitalization of C$2.42 billion, a P/E ratio of 34.15 and a beta of 0.79. The company has a debt-to-equity ratio of 145.05, a quick ratio of 0.91 and a current ratio of 1.49. The firm’s fifty day moving average price is C$135.15 and its two-hundred day moving average price is C$142.86.

TerraVest Industries (TSE:TVK) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 earnings per share for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. The business had revenue of C$442.57 million during the quarter. Sell-side analysts predict 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.