TerraVest Industries Inc. (TSE:TVK) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Moderate Buy consensus from six analysts (five buy, one hold) with an average 1‑year price target of C$188.50 and recent upward revisions including BMO to C$200 and Canaccord to C$209.
• TVK opened at C$141.87, trades in a 52‑week range of C$115.75–C$176.64, has a market cap of C$3.08 billion and a P/E of 33.7, leaving upside to analyst targets.
• Most recent quarter: EPS C$1.50 on revenue of C$408.35 million with ROE 14.09% and net margin 5.90%; the company announced a quarterly dividend of C$0.20 (annualized C$0.80, ~0.6% yield), ex‑dividend March 31 and payable April 10.

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$188.50.

A number of analysts have recently issued reports on TVK shares. Scotiabank raised their price objective on TerraVest Industries from C$184.50 to C$187.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. BMO Capital Markets raised TerraVest Industries from a "hold" rating to an "outperform" rating and boosted their target price for the stock from C$150.00 to C$200.00 in a report on Friday, December 12th. Finally, Canaccord Genuity Group raised their price target on TerraVest Industries from C$195.00 to C$209.00 in a report on Monday, January 12th.

TerraVest Industries Stock Up 2.1%

Shares of TVK stock opened at C$141.87 on Friday. TerraVest Industries has a 52-week low of C$115.75 and a 52-week high of C$176.64. The stock has a market cap of C$3.08 billion, a price-to-earnings ratio of 33.70 and a beta of 0.61. The firm's 50-day moving average is C$145.74 and its 200-day moving average is C$142.79. The company has a debt-to-equity ratio of 124.54, a quick ratio of 0.91 and a current ratio of 1.51.

TerraVest Industries (TSE:TVK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The company reported C$1.50 EPS for the quarter. The business had revenue of C$408.35 million during the quarter. TerraVest Industries had a return on equity of 14.09% and a net margin of 5.90%. Sell-side analysts predict that TerraVest Industries will post 4.4510412 EPS for the current year.

TerraVest Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, April 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. TerraVest Industries's dividend payout ratio is presently 17.22%.

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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