TerraVest Industries (TSE:TVK) Shares Pass Below 50 Day Moving Average - What's Next?

Key Points

• TerraVest Industries' shares fell below their 50-day moving average of C$153.63, trading as low as C$135.61, with the last trade at C$137.71.
• Analysts have mixed ratings on the stock, with price targets ranging from C$175.00 to C$200.00, and an average target of C$181.00.
• The company recently announced a quarterly dividend of $0.175 per share, yielding 0.5%, and reported a payout ratio of 17.35%.

TerraVest Industries Inc. (TSE:TVK - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$153.63 and traded as low as C$135.61. TerraVest Industries shares last traded at C$137.71, with a volume of 64,565 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BMO Capital Markets dropped their price objective on TerraVest Industries from C$180.00 to C$175.00 in a report on Friday, August 15th. Desjardins dropped their price objective on TerraVest Industries from C$185.00 to C$175.00 and set a "buy" rating for the company in a report on Friday, August 15th. CIBC set a C$175.00 price objective on TerraVest Industries and gave the company a "neutral" rating in a report on Wednesday, August 13th. Canaccord Genuity Group lifted their price objective on TerraVest Industries from C$170.00 to C$200.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, National Bankshares dropped their price objective on TerraVest Industries from C$200.00 to C$185.00 and set an "outperform" rating for the company in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$181.00.

TerraVest Industries Price Performance

The firm has a market cap of C$2.99 billion, a P/E ratio of 35.40 and a beta of 0.61. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. The business has a 50-day moving average of C$153.63 and a two-hundred day moving average of C$151.44.

TerraVest Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.70 annualized dividend and a yield of 0.5%. TerraVest Industries's payout ratio is presently 17.35%.

Insider Buying and Selling

In other TerraVest Industries news, Director Pierre Fournier sold 2,000 shares of TerraVest Industries stock in a transaction dated Friday, July 11th. The stock was sold at an average price of C$165.75, for a total transaction of C$331,504.00. Insiders own 29.81% of the company's stock.

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.

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