TerraVest Industries (TSE:TVK) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Shares slipped below the 200-day moving average, trading as low as C$135.55 and last at C$139.05 versus the 200-day MA of C$141.66 on a volume of 72,892 shares.
• Analyst sentiment is positive with five Buys and one Hold, a consensus “Moderate Buy” and an average price target of C$188.50; Scotiabank and Canaccord recently raised targets to C$187 and C$209, respectively.
• Fundamentals include a market cap of C$3.02B, trailing P/E of 33.03, reported quarterly EPS of C$1.50 on C$408.35M revenue, and a quarterly dividend of C$0.20 (annualized yield ~0.6%).

TerraVest Industries Inc. (TSE:TVK - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$141.66 and traded as low as C$135.55. TerraVest Industries shares last traded at C$139.05, with a volume of 72,892 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TVK. Scotiabank boosted their target price on 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. Canaccord Genuity Group boosted their target price on TerraVest Industries from C$195.00 to C$209.00 in a research report on Monday, January 12th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$188.50.

TerraVest Industries Stock Performance

The stock's 50 day moving average is C$138.92 and its 200 day moving average is C$141.66. The stock has a market capitalization of C$3.02 billion, a price-to-earnings ratio of 33.03 and a beta of 0.82. The company has a current ratio of 1.51, a quick ratio of 0.91 and a debt-to-equity ratio of 124.54.

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

TerraVest Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, March 31st. TerraVest Industries's dividend payout ratio is 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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