TerraVest Industries (TSE:TVK) Price Target Cut to C$200.00 by Analysts at National Bankshares

Key Points

• Investment analysts at National Bankshares have lowered their price target for TerraVest Industries stock from C$205.00 to C$200.00, indicating a potential upside of 24.33% from the previous close.
• Multiple firms have varying ratings on TerraVest, with BMO Capital Markets rating it as a "hold" and Scotiabank raising their price target and giving an "outperform" rating.
• Recent insider transactions revealed that directors sold a significant number of shares, totaling over C$17 million, with insiders owning 29.81% of the stock.

TerraVest Industries (TSE:TVK - Free Report) had its price target decreased by National Bankshares from C$205.00 to C$200.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on TVK. Scotiabank raised their target price on shares of TerraVest Industries from C$171.00 to C$176.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. BMO Capital Markets raised shares of TerraVest Industries to a "hold" rating in a research note on Tuesday, May 27th. Canaccord Genuity Group lifted their price objective on shares of TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. National Bank Financial raised shares of TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Desjardins raised shares of TerraVest Industries to a "moderate buy" rating and lifted their price objective for the stock from C$172.00 to C$175.00 in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, TerraVest Industries currently has a consensus rating of "Buy" and an average target price of C$187.75.

TerraVest Industries Price Performance

TVK traded down C$0.16 during trading on Tuesday, hitting C$158.30. 62,679 shares of the company traded hands, compared to its average volume of 89,323. The company has a market cap of C$3.11 billion, a PE ratio of 46.70 and a beta of 0.66. The stock's 50-day simple moving average is C$167.22 and its two-hundred day simple moving average is C$148.09. TerraVest Industries has a 1 year low of C$75.44 and a 1 year high of C$176.64. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38.

TerraVest Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, July 10th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 30th. TerraVest Industries's dividend payout ratio (DPR) is 17.70%.

Insider Transactions at TerraVest Industries

In related news, Director Charles Pellerin sold 14,000 shares of TerraVest Industries stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$165.10, for a total transaction of C$2,311,400.00. Also, Director Dustin Haw sold 60,000 shares of the business's stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$163.35, for a total transaction of C$9,801,000.00. In the last quarter, insiders sold 104,000 shares of company stock worth $17,230,544. 29.81% of the stock is currently owned by insiders.

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.