TerraVest Industries (TSE:TVK) Trading Up 12.7% – Should You Buy?

TerraVest Industries Inc. (TSE:TVK) shares were up 12.7% during mid-day trading on Thursday . The stock traded as high as C$140.99 and last traded at C$138.10. Approximately 192,018 shares changed hands during trading, an increase of 97% from the average daily volume of 97,354 shares. The stock had previously closed at C$122.57.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TVK shares. Canadian Imperial Bank of Commerce lowered their target price on TerraVest Industries from C$160.00 to C$130.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Canaccord Genuity Group decreased their price target on shares of TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. BMO Capital Markets lowered their price objective on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday, May 15th. Scotiabank lowered their price objective 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, National Bank Financial dropped 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, TerraVest Industries has an average rating of “Moderate Buy” and a consensus target price of C$159.50.

TerraVest Industries Stock Performance

The stock has a market capitalization of C$2.92 billion, a PE ratio of 41.22 and a beta of 0.86. The business’s 50 day moving average is C$118.59 and its 200 day moving average is C$132.70. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 145.05.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$1.40 earnings per share for the quarter. The company had revenue of C$921.79 million for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. On average, equities research analysts predict that TerraVest Industries Inc. will post 4.4510412 earnings per share 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.