TerraVest Industries Inc. (TSE:TVK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages
by Tristan Rich · The Markets DailyTerraVest Industries Inc. (TSE:TVK – Get Free Report) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$188.50.
Several equities analysts have weighed in on TVK shares. Canaccord Genuity Group lifted their price target on shares of TerraVest Industries from C$195.00 to C$209.00 in a report on Monday, January 12th. Scotiabank raised their price objective on shares of TerraVest Industries from C$184.50 to C$187.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, BMO Capital Markets upgraded shares of TerraVest Industries from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$150.00 to C$200.00 in a research note on Friday, December 12th.
View Our Latest Stock Report on TerraVest Industries
TerraVest Industries Price Performance
TSE TVK opened at C$133.84 on Friday. The business’s fifty day moving average is C$144.50 and its 200 day moving average is C$142.71. TerraVest Industries has a fifty-two week low of C$115.75 and a fifty-two week high of C$176.64. The company has a debt-to-equity ratio of 124.54, a quick ratio of 0.91 and a current ratio of 1.51. The company has a market capitalization of C$2.90 billion, a PE ratio of 31.79 and a beta of 0.61.
TerraVest Industries (TSE:TVK – Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported C$1.50 EPS for the quarter. The firm had revenue of C$408.35 million for the quarter. TerraVest Industries had a return on equity of 14.09% and a net margin of 5.90%. Sell-side analysts predict that TerraVest Industries will post 4.4510412 earnings per share for the current year.
TerraVest Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, April 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is 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 currently 17.22%.
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.