TerraVest Industries (TSE:TVK) Price Target Cut to C$178.00 by Analysts at Scotiabank

Key Points

• Scotiabank cut its price target on TerraVest to C$178 (from C$187) while maintaining a "sector outperform" rating, a target that implies roughly a 34.7% upside from the prior close.
• Canaccord Genuity raised its target to C$209, and overall analyst consensus is a Moderate Buy (five Buy ratings, one Hold) with an average price target of C$187.
• Shares traded down to C$132.14 midday (below the 50- and 200-day averages); TerraVest has a market cap of C$2.87B, a P/E of 31.39, and reported C$1.50 EPS for the quarter.

TerraVest Industries (TSE:TVK - Get Free Report) had its price target dropped by equities research analysts at Scotiabank from C$187.00 to C$178.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a "sector outperform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 34.71% from the company's previous close.

Separately, Canaccord Genuity Group upped their price target on TerraVest Industries from C$195.00 to C$209.00 in a research report on Monday, January 12th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$187.00.

TerraVest Industries Price Performance

TerraVest Industries stock traded down C$2.45 during midday trading on Monday, hitting C$132.14. 46,515 shares of the company's stock were exchanged, compared to its average volume of 82,178. TerraVest Industries has a 52-week low of C$115.75 and a 52-week high of C$176.64. The stock has a 50-day moving average price of C$138.56 and a two-hundred day moving average price of C$141.70. The company has a debt-to-equity ratio of 124.54, a quick ratio of 0.91 and a current ratio of 1.51. The company has a market cap of C$2.87 billion, a P/E ratio of 31.39 and a beta of 0.83.

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