TerraVest Industries (TSE:TVK) Sets New 52-Week Low – What’s Next?

TerraVest Industries Inc. (TSE:TVK) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$95.00 and last traded at C$115.74, with a volume of 861747 shares traded. The stock had previously closed at C$158.43.

Analyst Ratings Changes

Several research firms have recently issued reports on TVK. BMO Capital Markets reduced their target price on TerraVest Industries from C$190.00 to C$170.00 in a report on Friday, May 15th. Canaccord Genuity Group reduced their price objective on TerraVest Industries from C$192.00 to C$190.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. National Bank Financial reduced their price objective on TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Finally, Scotiabank reduced their price objective on 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. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, TerraVest Industries currently has an average rating of “Moderate Buy” and an average price target of C$175.33.

TerraVest Industries Stock Down 28.4%

The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91. The company has a market capitalization of C$2.46 billion, a P/E ratio of 34.68 and a beta of 0.79. The stock has a 50-day moving average price of C$136.40 and a 200-day moving average price of C$143.02.

TerraVest Industries (TSE:TVK) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. The business had revenue of C$442.57 million for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. On average, research analysts predict that TerraVest Industries Inc. will post 4.4510412 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, April 10th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.80 annualized dividend and a yield of 0.7%. TerraVest Industries’s dividend payout ratio is presently 22.94%.

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.