TerraVest Industries Inc. (TSE:TVK – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$167.00.
Several research analysts recently issued reports on TVK shares. Canaccord Genuity Group cut 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 report on Tuesday, June 9th. BMO Capital Markets dropped their target price on shares of TerraVest Industries from C$190.00 to C$170.00 in a report on Friday, May 15th. Scotiabank dropped their target price on shares of TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating for the company in a report on Tuesday, May 19th. Finally, National Bank Financial dropped their target price on shares of TerraVest Industries from C$175.00 to C$170.00 and set an “outperform” rating for the company in a report on Friday, May 15th.
Get Our Latest Stock Analysis on TerraVest Industries
TerraVest Industries Trading Up 4.8%
TerraVest Industries (TSE:TVK – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$442.57 million during the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. Equities research analysts expect that TerraVest Industries will post 4.4510412 EPS for the current year.
TerraVest Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. TerraVest Industries’s dividend payout ratio (DPR) is 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.
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