TerraVest Industries (TSE:TVK) Stock Passes Below Fifty Day Moving Average - Should You Sell?

Key Points

• TerraVest Industries Inc. stock price has fallen below its fifty-day moving average, trading at C$150.01 after reaching a low of C$144.03.
• Analyst ratings for the company are mixed, with an average rating of "Moderate Buy" and a target price of C$185.20, following multiple upgrades from various research firms.
• The company recently announced a quarterly dividend of $0.175 per share, reflecting a 0.5% yield and a payout ratio of 17.70%.

TerraVest Industries Inc. (TSE:TVK - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$166.55 and traded as low as C$144.03. TerraVest Industries shares last traded at C$150.01, with a volume of 298,445 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on TVK shares. National Bank Financial upgraded shares of TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Canaccord Genuity Group lifted their price target on shares of TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. BMO Capital Markets upgraded shares of TerraVest Industries to a "hold" rating in a research note on Tuesday, May 27th. Scotiabank lifted their price objective on shares of TerraVest Industries from C$171.00 to C$176.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Desjardins upgraded shares of TerraVest Industries to a "moderate buy" rating and lifted their price objective for the company from C$172.00 to C$175.00 in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, TerraVest Industries presently has an average rating of "Moderate Buy" and an average target price of C$185.20.

TerraVest Industries Trading Down 9.3%

The firm has a market cap of C$2.95 billion, a PE ratio of 44.26 and a beta of 0.66. The company's fifty day moving average price is C$166.55 and its two-hundred day moving average price is C$148.46. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38.

TerraVest Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors 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 dividend on an annualized basis and a yield of 0.5%. TerraVest Industries's payout ratio is currently 17.70%.

Insider Buying and Selling

In related news, Director Dustin Haw sold 60,000 shares of the business's stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$163.35, for a total transaction of C$9,801,000.00. Also, Director Pierre Fournier sold 2,000 shares of the business'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. Over the last 90 days, insiders have sold 104,000 shares of company stock valued at $17,230,544. Corporate 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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