National Bank Financial Increases TerraVest Industries (TSE:TVK) Price Target to C$180.00

Key Points

• National Bank Financial raised TerraVest Industries’ price target to C$180 from C$170, implying 38.48% upside from the prior close.
• Analyst sentiment remains positive, with five Buy ratings and one Hold rating; the consensus is “Moderate Buy” with an average target of C$164.17.
• TerraVest reported quarterly EPS of C$1.40 on revenue of C$921.79 million. Its shares recently traded at C$129.98, while the company carries a debt-to-equity ratio of 145.05.

TerraVest Industries (TSE:TVK - Get Free Report) had its target price raised by analysts at National Bank Financial from C$170.00 to C$180.00 in a report issued on Friday,BayStreet.CA reports. National Bank Financial's target price suggests a potential upside of 38.48% from the company's previous close.

TVK has been the subject of several other reports. Canaccord Genuity Group dropped their price objective on TerraVest Industries from C$190.00 to C$140.00 and set a "buy" rating for the company in a report on Tuesday, June 9th. Scotiabank decreased their price target on TerraVest Industries from C$178.00 to C$172.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, May 19th. Canadian Imperial Bank of Commerce boosted their price target on TerraVest Industries from C$130.00 to C$148.00 in a research note on Friday. Finally, BMO Capital Markets upped their price objective on shares of TerraVest Industries from C$160.00 to C$170.00 in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$164.17.

TerraVest Industries Stock Performance

Shares of TSE:TVK traded down C$3.45 on Friday, reaching C$129.98. 71,928 shares of the company's stock were exchanged, compared to its average volume of 98,074. TerraVest Industries has a twelve month low of C$95.00 and a twelve month high of C$175.20. The company has a fifty day moving average of C$118.09 and a 200-day moving average of C$132.61. The company has a market capitalization of C$2.82 billion, a price-to-earnings ratio of 39.75 and a beta of 0.86. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 145.05.

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