National Bank Financial Downgrades TerraVest Industries (TSE:TVK) to Hold

TerraVest Industries (TSE:TVK) was downgraded by National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports. National Bank Financial also issued estimates for TerraVest Industries’ Q4 2024 earnings at $0.60 EPS.

Separately, National Bankshares increased their price target on TerraVest Industries from C$104.00 to C$128.00 in a report on Tuesday.

TerraVest Industries Trading Down 3.2 %

Shares of TVK stock opened at C$114.43 on Monday. TerraVest Industries has a 1 year low of C$35.02 and a 1 year high of C$125.72. The company has a debt-to-equity ratio of 71.72, a current ratio of 2.32 and a quick ratio of 0.91. The stock’s 50 day simple moving average is C$105.06 and its two-hundred day simple moving average is C$88.99. The company has a market cap of C$2.23 billion, a PE ratio of 33.17 and a beta of 0.66.

Insider Transactions at TerraVest Industries

In other TerraVest Industries news, Director Dustin Haw sold 20,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$100.00, for a total transaction of C$2,000,000.00. Also, insider Charles Pellerin sold 1,600 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$100.26, for a total value of C$160,416.00. Over the last three months, insiders have sold 113,700 shares of company stock worth $11,556,134. 29.81% of the stock is currently 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.