BMO Capital Markets Raises TerraVest Industries (TSE:TVK) Price Target to C$170.00

Key Points

• BMO Capital Markets raised TerraVest Industries’ price target to C$170 from C$160, implying 30.79% upside from the stock’s reported C$129.98 price.
• Analyst views remain broadly positive: five analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average target of C$164.17.
• TerraVest reported quarterly EPS of C$1.40 on revenue of C$921.79 million; its shares fell 2.6% during Friday trading and have traded between C$95.00 and C$175.20 over the past year.

TerraVest Industries (TSE:TVK - Get Free Report) had its price target lifted by analysts at BMO Capital Markets from C$160.00 to C$170.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets' price objective would indicate a potential upside of 30.79% from the stock's current price.

A number of other research firms have also recently commented on TVK. National Bank Financial lowered their target price 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. Canaccord Genuity Group cut 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 note on Tuesday, June 9th. Canadian Imperial Bank of Commerce decreased their price target on shares of 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. Finally, Scotiabank lowered their price objective on shares of TerraVest Industries from C$178.00 to C$172.00 and set a "sector outperform" rating for the company in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, TerraVest Industries currently has an average rating of "Moderate Buy" and a consensus target price of C$164.17.

TerraVest Industries Stock Down 2.6%

TerraVest Industries stock traded down C$3.45 during midday trading on Friday, reaching C$129.98. The company's stock had a trading volume of 71,928 shares, compared to its average volume of 98,074. The stock's 50-day simple moving average is C$118.09 and its 200-day simple moving average is C$132.61. The company has a debt-to-equity ratio of 145.05, a current ratio of 1.49 and a quick ratio of 0.91. TerraVest Industries has a 52-week low of C$95.00 and a 52-week high of C$175.20. The stock has a market capitalization of C$2.82 billion, a P/E ratio of 39.75 and a beta of 0.86.

TerraVest Industries (TSE:TVK - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$1.40 earnings per share for the quarter. TerraVest Industries had a return on equity of 9.99% and a net margin of 4.35%.The business had revenue of C$921.79 million during the quarter. On average, sell-side analysts expect that TerraVest Industries will post 4.4510412 EPS for the current year.

About TerraVest Industries

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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