TerraVest Industries (TSE:TVK) Price Target Raised to C$130.00

Key Points

• Scotiabank raised TerraVest Industries’ price target to C$130 from C$129 while maintaining a “sector perform” rating, implying 15.29% potential upside from the current price.
• Other brokerages also increased their targets, with estimates ranging from C$148 to C$180. The stock has a consensus “Moderate Buy” rating and an average target price of C$153.60.
• TerraVest shares recently traded at C$112.76, while the company reported quarterly EPS of C$1.40 and revenue of C$921.79 million. Its market capitalization is approximately C$2.42 billion.

TerraVest Industries (TSE:TVK - Get Free Report) had its target price upped by stock analysts at Scotiabank from C$129.00 to C$130.00 in a research report issued on Thursday, BayStreet reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's target price indicates a potential upside of 15.29% from the stock's current price.

A number of other brokerages have also recently issued reports on TVK. BMO Capital Markets lifted their price objective on TerraVest Industries from C$160.00 to C$170.00 in a report on Friday, August 14th. Canadian Imperial Bank of Commerce upped their target price on shares of TerraVest Industries from C$130.00 to C$148.00 in a report on Friday, August 14th. Finally, National Bank Financial increased their target price on shares of TerraVest Industries from C$170.00 to C$180.00 in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, TerraVest Industries currently has a consensus rating of "Moderate Buy" and an average target price of C$153.60.

TerraVest Industries Price Performance

Shares of TVK stock traded up C$1.43 during trading hours on Thursday, hitting C$112.76. The company had a trading volume of 34,780 shares, compared to its average volume of 90,230. TerraVest Industries has a 12 month low of C$95.00 and a 12 month high of C$175.20. The company has a debt-to-equity ratio of 151.79, a quick ratio of 0.91 and a current ratio of 1.54. The firm's fifty day moving average is C$117.08 and its 200 day moving average is C$123.63. The firm has a market capitalization of C$2.42 billion, a price-to-earnings ratio of 27.17 and a beta of 1.10.

TerraVest Industries (TSE:TVK - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$1.40 EPS for the quarter. The business had revenue of C$921.79 million during the quarter. TerraVest Industries had a return on equity of 12.40% and a net margin of 5.35%. On average, sell-side analysts predict that TerraVest Industries will post 4.45 EPS 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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