TerraVest Industries (TSE:TVK) Rating Lowered to Hold at National Bank Financial

National Bank Financial lowered shares of TerraVest Industries (TSE:TVK) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports. National Bank Financial also issued estimates for TerraVest Industries’ Q4 2024 earnings at $0.60 EPS, FY2024 earnings at $3.18 EPS, FY2025 earnings at $3.88 EPS and FY2026 earnings at $5.43 EPS.

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

TerraVest Industries Trading Up 0.8 %

TerraVest Industries stock opened at C$114.58 on Monday. The firm’s 50 day moving average price is C$105.65 and its two-hundred day moving average price is C$89.48. The firm has a market cap of C$2.23 billion, a price-to-earnings ratio of 33.31 and a beta of 0.66. The company has a debt-to-equity ratio of 71.72, a quick ratio of 0.91 and a current ratio of 2.32. TerraVest Industries has a 1 year low of C$35.02 and a 1 year high of C$125.72.

Insider Buying and Selling

In other TerraVest Industries news, insider Charles Pellerin sold 1,600 shares of the stock in a transaction that occurred 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. Also, Director Dustin Haw sold 20,000 shares of the company’s 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. In the last ninety days, insiders sold 113,700 shares of company stock valued at $11,556,134. Corporate insiders own 29.81% of the company’s stock.

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.