TerraVest Industries (TSE:TVK) Stock Price Up 12.7% - Should You Buy?

Key Points

• TerraVest shares jumped 12.7% to C$138.10 in midday trading, with volume nearly double the average session level.
• Analysts remain generally positive, with five Buy ratings and one Hold; the stock has a “Moderate Buy” consensus and an average price target of C$159.50, despite several recent target reductions.
• The company reported C$1.40 in quarterly EPS and C$921.79 million in revenue, but its valuation is elevated at a P/E of 41.22 and debt-to-equity ratio of 145.05.

TerraVest Industries Inc. (TSE:TVK - Get Free Report) shares rose 12.7% during mid-day trading on Thursday . The company traded as high as C$140.99 and last traded at C$138.10. 192,018 shares were traded during mid-day trading, an increase of 97% from the average session volume of 97,354 shares. The stock had previously closed at C$122.57.

Analysts Set New Price Targets

Several analysts recently issued reports on TVK shares. Scotiabank cut their target price on shares of TerraVest Industries from C$178.00 to C$172.00 and set a "sector outperform" rating for the company in a research report on Tuesday, May 19th. Canadian Imperial Bank of Commerce dropped their price target on shares of TerraVest Industries from C$160.00 to C$130.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 8th. BMO Capital Markets cut their price objective on shares of TerraVest Industries from C$190.00 to C$170.00 in a research report on Friday, May 15th. Canaccord Genuity Group reduced their price objective on TerraVest Industries from C$190.00 to C$140.00 and set a "buy" rating for the company in a research note on Tuesday, June 9th. Finally, National Bank Financial decreased their target price on TerraVest Industries from C$175.00 to C$170.00 and set an "outperform" rating on the stock in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, TerraVest Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of C$159.50.

TerraVest Industries Stock Up 10.0%

The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 145.05. The company has a market capitalization of C$2.92 billion, a PE ratio of 41.22 and a beta of 0.86. The company's 50 day moving average is C$118.59 and its two-hundred day moving average is C$132.70.

TerraVest Industries (TSE:TVK - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$1.40 EPS for the quarter. TerraVest Industries had a net margin of 4.35% and a return on equity of 9.99%. The business had revenue of C$921.79 million for the quarter. On average, analysts anticipate that TerraVest Industries Inc. will post 4.4510412 earnings per share for the current year.

About TerraVest Industries

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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