TerraVest Industries Inc. (TSE:TVK - Get Free Report) shares fell 11% during mid-day trading on Wednesday . The stock traded as low as C$147.00 and last traded at C$147.14. 131,123 shares were traded during trading, an increase of 47% from the average session volume of 89,017 shares. The stock had previously closed at C$165.41.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TVK. National Bankshares decreased their price objective on TerraVest Industries from C$205.00 to C$200.00 and set an "outperform" rating on the stock in a report on Tuesday, August 5th. Scotiabank upped their price objective on TerraVest Industries from C$171.00 to C$176.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Canaccord Genuity Group upped their price objective on TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. CIBC set a C$175.00 price objective on TerraVest Industries and gave the stock a "neutral" rating in a report on Wednesday. Finally, BMO Capital Markets raised TerraVest Industries to a "hold" rating in a research report on Tuesday, May 27th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$185.20.
Check Out Our Latest Analysis on TVK
TerraVest Industries Trading Down 9.3%
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 company has a 50-day moving average price of C$166.94 and a two-hundred day moving average price of C$148.45. The stock has a market cap of C$2.95 billion, a P/E ratio of 44.26 and a beta of 0.66.
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 was Monday, June 30th. This represents a $0.70 annualized dividend and a dividend yield of 0.5%. TerraVest Industries's dividend payout ratio (DPR) is currently 17.70%.
Insider Activity
In other news, Director Charles Pellerin sold 26,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of C$171.03, for a total transaction of C$4,446,780.00. Also, Director Dustin Haw sold 60,000 shares of TerraVest Industries stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$163.35, for a total value of C$9,801,000.00. Over the last 90 days, insiders have sold 104,000 shares of company stock worth $17,230,544. Company insiders own 29.81% of the company's stock.
TerraVest Industries Company Profile
(
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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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