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

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

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

TerraVest Industries Price Performance

TVK opened at C$114.43 on Monday. TerraVest Industries has a twelve month low of C$35.02 and a twelve month high of C$125.72. The firm has a market cap of C$2.23 billion, a price-to-earnings ratio of 33.17 and a beta of 0.66. The company has a current ratio of 2.32, a quick ratio of 0.91 and a debt-to-equity ratio of 71.72. The company has a fifty day simple moving average of C$105.06 and a 200 day simple moving average of C$88.99.

Insider Buying and Selling at TerraVest Industries

In other news, Director Dustin Haw sold 20,000 shares of the stock in a transaction that occurred 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 business’s 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. Insiders have sold 113,700 shares of company stock worth $11,556,134 in the last ninety days. 29.81% of the stock is owned by insiders.

About TerraVest Industries

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.