TerraVest Industries Inc. (TSE:TVK – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$142.60 and traded as low as C$116.08. TerraVest Industries shares last traded at C$120.61, with a volume of 93,684 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on TVK shares. Canaccord Genuity Group reduced their price objective on TerraVest Industries from C$190.00 to C$140.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. 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, May 15th. Scotiabank reduced their target price 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. Finally, BMO Capital Markets reduced their price target on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$167.00.
View Our Latest Analysis on TerraVest Industries
TerraVest Industries Price Performance
TerraVest Industries (TSE:TVK – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 earnings per share for the quarter. The company had revenue of C$442.56 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 anticipate that TerraVest Industries Inc. will post 4.4510412 EPS for the current year.
TerraVest Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 31st. TerraVest Industries’s dividend payout ratio is 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.
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