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 trading hands.
Wall Street Analyst Weigh In
TVK has been the subject of several analyst reports. Scotiabank reduced their target price on TerraVest Industries from C$180.00 to C$176.00 and set a "sector perform" rating for the company in a report on Friday, August 15th. BMO Capital Markets reduced their target price on TerraVest Industries from C$180.00 to C$175.00 in a report on Friday, August 15th. Desjardins reduced their target price 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. National Bankshares reduced their target price 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. Finally, CIBC set a C$175.00 price objective on TerraVest Industries and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$181.00.
View Our Latest Stock Analysis on TerraVest Industries
TerraVest Industries Stock Performance
The firm has a 50 day moving average of C$151.82 and a 200-day moving average of C$152.10. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The stock has a market capitalization of C$2.99 billion, a PE ratio of 35.48 and a beta of 0.61.
TerraVest Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.5%. TerraVest Industries's dividend payout ratio (DPR) is 17.35%.
Insider Buying and Selling at TerraVest Industries
In other news, Director Pierre Fournier sold 2,000 shares of the firm's 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. 29.81% of the stock is owned by company insiders.
About TerraVest Industries
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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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