TerraVest Industries (TSE:TVK) Share Price Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• TerraVest's stock crossed below its 50-day moving average, last trading at C$138.98 after sliding to C$138.22 versus the 50‑day MA of C$146.10, and was down about 1.2% on the session.
• Analyst sentiment remains positive with five Buy ratings and one Hold, a consensus target of C$188.50, and recent price-target raises up to C$209 (Canaccord) and C$200 (BMO).
• The company has a C$3.01 billion market cap, P/E of 33.0 and a high debt-to-equity ratio (124.54); it reported quarterly EPS of C$1.50 and announced a quarterly dividend of C$0.20 (annualized C$0.80, yield 0.6%) with ex-dividend on March 31.

TerraVest Industries Inc. (TSE:TVK - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$146.10 and traded as low as C$138.22. TerraVest Industries shares last traded at C$138.98, with a volume of 49,098 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TVK. Canaccord Genuity Group lifted their target price on shares of TerraVest Industries from C$195.00 to C$209.00 in a research report on Monday, January 12th. Scotiabank increased their price target on shares of TerraVest Industries from C$184.50 to C$187.00 and gave the stock an "outperform" rating in a research report on Friday, February 13th. Finally, BMO Capital Markets raised TerraVest Industries from a "hold" rating to an "outperform" rating and lifted their price objective for the company from C$150.00 to C$200.00 in a report on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, TerraVest Industries currently has an average rating of "Moderate Buy" and a consensus target price of C$188.50.

TerraVest Industries Trading Down 1.2%

The company's 50-day moving average is C$146.10 and its 200-day moving average is C$142.81. 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 firm has a market cap of C$3.01 billion, a price-to-earnings ratio of 33.01 and a beta of 0.61.

TerraVest Industries (TSE:TVK - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of C$408.35 million for the quarter. On average, research analysts predict that TerraVest Industries Inc. will post 4.4510412 earnings per share for the current year.

TerraVest Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, April 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. TerraVest Industries's dividend payout ratio (DPR) 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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