TerraVest Industries (TSE:TVK) Raised to Hold at BMO Capital Markets

TerraVest Industries (TSE:TVK - Get Free Report) was upgraded by equities research analysts at BMO Capital Markets to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on TVK. National Bank Financial upgraded shares of TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. National Bankshares upgraded shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$134.00 to C$190.00 in a research report on Friday, May 2nd. Desjardins upgraded shares of TerraVest Industries to a "moderate buy" rating and lifted their target price for the stock from C$172.00 to C$175.00 in a research note on Thursday, May 22nd. Scotiabank boosted their price target on shares of TerraVest Industries from C$171.00 to C$176.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group raised their price objective on shares of TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$166.40.

TerraVest Industries Stock Down 0.6%

Shares of TSE TVK traded down C$0.93 during trading on Tuesday, hitting C$167.81. The stock had a trading volume of 180,297 shares, compared to its average volume of 105,074. TerraVest Industries has a 12 month low of C$67.66 and a 12 month high of C$176.64. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The company has a market capitalization of C$3.29 billion, a PE ratio of 49.51 and a beta of 0.66. The firm has a fifty day moving average of C$149.79 and a two-hundred day moving average of C$131.07.

Insider Activity at TerraVest Industries

In other TerraVest Industries news, Director Charles Pellerin sold 14,000 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$165.10, for a total value of C$2,311,400.00. Also, Director Dustin Haw sold 60,000 shares of the company's stock in a transaction dated Monday, May 26th. The stock was sold at an average price of C$163.35, for a total value of C$9,801,000.00. In the last three months, insiders have sold 100,000 shares of company stock worth $16,559,180. 29.81% of the stock is owned by company insiders.

TerraVest Industries Company Profile

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.