Scotiabank Has Lowered Expectations for TerraVest Industries (TSE:TVK) Stock Price

TerraVest Industries (TSE:TVK – Get Free Report) had its price target decreased by Scotiabank from C$178.00 to C$172.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 34.29% from the stock’s previous close.

TVK has been the topic of a number of other reports. Canaccord Genuity Group cut their price target on shares of TerraVest Industries from C$192.00 to C$190.00 and set a “buy” rating on the stock in a report on Tuesday. National Bank Financial cut their price target on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating on the stock in a report on Friday. Finally, BMO Capital Markets cut their price target on shares of TerraVest Industries from C$190.00 to C$170.00 in a report on Friday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, TerraVest Industries currently has a consensus rating of “Moderate Buy” and an average price target of C$175.33.

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TerraVest Industries Trading Down 3.5%

Shares of TSE TVK traded down C$4.67 during mid-day trading on Tuesday, reaching C$128.08. The company had a trading volume of 101,517 shares, compared to its average volume of 83,627. The business’s 50-day moving average is C$134.15 and its 200-day moving average is C$141.06. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 145.05. The stock has a market cap of C$2.78 billion, a price-to-earnings ratio of 39.17 and a beta of 0.83. TerraVest Industries has a 52 week low of C$115.75 and a 52 week high of C$175.20.

TerraVest Industries (TSE:TVK – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. The firm 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%. Equities analysts expect that TerraVest Industries will post 4.4510412 earnings per share for the current year.

TerraVest Industries Company Profile

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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.

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