Scotiabank Brokers Increase Earnings Estimates for TSE:TVK

Key Points

• Scotiabank raised TerraVest Industries’ FY2026 EPS estimate to C$4.72 from C$4.61 and forecasts FY2027 EPS of C$7.46. It maintained a “Sector Perform” rating and a C$130 price target.
• Other brokerages have increased their price targets, with BMO at C$170, National Bank Financial at C$180 and CIBC at C$148. The stock carries a consensus “Moderate Buy” rating and an average target of C$153.60.
• TerraVest shares opened at C$111.06 and were down 2.1%, while the company’s latest quarter included C$1.40 in EPS and C$921.79 million in revenue.

TerraVest Industries Inc. (TSE:TVK - Free Report) - Research analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for TerraVest Industries in a note issued to investors on Thursday, October 22nd. Scotiabank analyst J. Goldman now expects that the company will earn $4.72 per share for the year, up from their prior estimate of $4.61. Scotiabank currently has a "Sector Perform" rating and a $130.00 price target on the stock. The consensus estimate for TerraVest Industries' current full-year earnings is $4.45 per share. Scotiabank also issued estimates for TerraVest Industries' FY2027 earnings at $7.46 EPS.

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

TerraVest Industries Trading Down 2.1%

Shares of TVK stock opened at C$111.06 on Friday. 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 cap of C$2.38 billion, a price-to-earnings ratio of 26.76 and a beta of 1.10. 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 has a fifty day moving average of C$115.80 and a 200-day moving average of C$122.76.

TerraVest Industries (TSE:TVK - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$1.40 earnings per share for the quarter. The firm 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%.

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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