TerraVest Industries (TSE:TVK) Cut to Hold at Scotiabank

Scotiabank cut shares of TerraVest Industries (TSE:TVK – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

TVK has been the topic of several other reports. BMO Capital Markets lifted their price target on shares of TerraVest Industries from C$160.00 to C$170.00 in a research note on Friday, August 14th. National Bank Financial increased their price target on TerraVest Industries from C$170.00 to C$180.00 in a report on Friday, August 14th. Canadian Imperial Bank of Commerce lifted their price objective on TerraVest Industries from C$130.00 to C$148.00 in a report on Friday, August 14th. Finally, Canaccord Genuity Group decreased their target price 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. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$162.00.

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TerraVest Industries Stock Performance

Shares of TerraVest Industries stock opened at C$117.70 on Monday. The company has a debt-to-equity ratio of 151.79, a quick ratio of 0.91 and a current ratio of 1.54. TerraVest Industries has a one year low of C$95.00 and a one year high of C$175.20. The company has a market cap of C$2.52 billion, a PE ratio of 28.36 and a beta of 0.86. The business has a 50-day simple moving average of C$118.86 and a 200-day simple moving average of C$132.01.

TerraVest Industries (TSE:TVK – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$1.40 EPS for the quarter. The company had revenue of C$921.79 million for the quarter. TerraVest Industries had a net margin of 5.35% and a return on equity of 12.40%. On average, equities research analysts forecast that TerraVest Industries will post 4.4510412 EPS for the current fiscal 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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