TerraVest Industries Inc. (TSE:TVK – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$133.48 and traded as low as C$118.04. TerraVest Industries shares last traded at C$120.43, with a volume of 39,119 shares.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Canadian Imperial Bank of Commerce cut their price objective on TerraVest Industries from C$160.00 to C$130.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Scotiabank lowered their target price on shares of TerraVest Industries from C$178.00 to C$172.00 and set a “sector outperform” rating on the stock in a report on Tuesday, May 19th. Canaccord Genuity Group dropped their price target on shares of 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 for the company in a research note on Friday, May 15th. Finally, BMO Capital Markets decreased their price objective on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, TerraVest Industries presently has an average rating of “Moderate Buy” and an average target price of C$159.50.
Get Our Latest Analysis on TerraVest Industries
TerraVest Industries Stock Up 0.4%
TerraVest Industries (TSE:TVK – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported C$0.45 earnings per share (EPS) for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. The company had revenue of C$442.56 million during the quarter. Equities research analysts expect that TerraVest Industries Inc. 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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