TerraVest Industries (TSE:TVK) Shares Pass Below 200-Day Moving Average - Should You Sell?

Key Points

• TerraVest Industries shares fell below their 200-day moving average, trading as low as C$115.50 versus the C$130.19 average, before last changing hands at C$117.42.
• Analyst sentiment remains positive but has weakened: the stock carries a “Moderate Buy” consensus from three Buy and two Hold ratings, with an average price target of C$162.00. Recent targets range from C$140 to C$180, while Scotiabank downgraded the shares to Hold.
• In its latest quarter, TerraVest reported C$1.40 in EPS and C$921.79 million in revenue, with a 5.35% net margin and 12.40% return on equity; however, its debt-to-equity ratio was elevated at 151.79.

TerraVest Industries Inc. (TSE:TVK - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$130.19 and traded as low as C$115.50. TerraVest Industries shares last traded at C$117.42, with a volume of 40,491 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Scotiabank cut shares of TerraVest Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, August 17th. National Bank Financial boosted their target price on TerraVest Industries from C$170.00 to C$180.00 in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce raised their price objective on shares of TerraVest Industries from C$130.00 to C$148.00 in a research note on Friday, August 14th. BMO Capital Markets boosted their target price on shares of TerraVest Industries from C$160.00 to C$170.00 in a research note on Friday, August 14th. Finally, Canaccord Genuity Group decreased their price objective on TerraVest Industries from C$190.00 to C$140.00 and set a "buy" rating on the stock in a report on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$162.00.

TerraVest Industries Trading Up 2.1%

The company has a market capitalization of C$2.52 billion, a PE ratio of 28.29 and a beta of 0.86. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 151.79. The business's 50-day simple moving average is C$118.51 and its two-hundred day simple moving average is C$130.19.

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 (EPS) for the quarter. TerraVest Industries had a net margin of 5.35% and a return on equity of 12.40%. The business had revenue of C$921.79 million during the quarter. On average, analysts predict that TerraVest Industries Inc. will post 4.4510412 earnings per share for the current 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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