Shares of TerraVest Industries Inc. (TSE:TVK – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$159.50.
A number of brokerages have recently commented on TVK. Canadian Imperial Bank of Commerce dropped their price target on TerraVest Industries from C$160.00 to C$130.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. BMO Capital Markets reduced their price objective on TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday, May 15th. Canaccord Genuity Group lowered their target price on 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. Scotiabank dropped their target price on TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating for the company in a research report on Tuesday, May 19th. Finally, National Bank Financial cut their price target 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.
TerraVest Industries Trading Up 2.4%
TerraVest Industries (TSE:TVK – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.45 EPS for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. The business had revenue of C$442.56 million during the quarter. Equities research analysts forecast that TerraVest Industries will post 4.4510412 earnings per share for the current fiscal year.
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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