TerraVest Industries (TSE:TVK) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of TerraVest Industries Inc. (TSE:TVK) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$142.60 and traded as low as C$116.08. TerraVest Industries shares last traded at C$120.61, with a volume of 93,684 shares traded.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TVK shares. Canaccord Genuity Group reduced their price target on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Scotiabank lowered their price objective on shares of TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, May 19th. BMO Capital Markets dropped their target price on TerraVest Industries from C$190.00 to C$170.00 in a report on Friday, May 15th. Finally, National Bank Financial cut their target price on TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$167.00.

TerraVest Industries Price Performance

The company has a 50 day moving average of C$132.68 and a two-hundred day moving average of C$142.45. The firm has a market cap of C$2.65 billion, a P/E ratio of 37.35 and a beta of 0.79. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 145.05.

TerraVest Industries (TSE:TVK) last released its 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 firm had revenue of C$442.56 million for the quarter. Sell-side analysts expect that TerraVest Industries Inc. will post 4.4510412 EPS for the current year.

TerraVest Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. TerraVest Industries’s payout ratio is currently 22.94%.

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.