Seaport Global Securities Reiterates “Buy” Rating for Tervita (TSE:TEV)

Tervita (TSE:TEV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Seaport Global Securities in a research note issued on Monday, BayStreet.CA reports. They currently have a C$9.00 price target on the stock. Seaport Global Securities’ price objective would suggest a potential upside of 38.46% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity lowered their price objective on shares of Tervita from C$12.00 to C$10.00 in a research report on Thursday, March 14th. CIBC lowered their price objective on shares of Tervita from C$9.50 to C$8.50 in a research report on Tuesday, April 23rd. Finally, National Bank Financial lowered their price objective on shares of Tervita from C$10.40 to C$9.50 and set an “outperform” rating for the company in a research report on Thursday, March 14th.

Shares of Tervita stock opened at C$6.50 on Monday. The firm has a market cap of $781.75 million and a price-to-earnings ratio of -9.23. The firm has a 50-day moving average of C$6.40. The company has a current ratio of 1.44, a quick ratio of 1.26 and a debt-to-equity ratio of 248.49. Tervita has a 1 year low of C$5.60 and a 1 year high of C$10.50.

Tervita (TSE:TEV) last issued its earnings results on Thursday, May 2nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.09). The firm had revenue of C$531.00 million for the quarter, compared to analyst estimates of C$370.00 million. Equities analysts expect that Tervita will post 0.24 EPS for the current year.

About Tervita

Tervita Corporation provides environmental solutions for oil and gas, mining, industry, community, and government customers in Canada and the United States. The company offers bioremediation services, caverns and oil field waste disposal, civil and environmental construction, commercial demolition and decommissioning, energy marketing, engineered landfill disposal, metals recycling, municipal and industrial water treatment, NORM management, oil and gas demolition and recovery, oil recovery, onsite produced and frac water treatment, onsite waste management, remediation and reclamation services, specialized waste containers, spill and emergency response, sulphur services, treatment recovery and disposal, waste classification and tracking services, waste transportation services, and water disposal wells.

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