TerraVest Industries (TSE:TVK) Lowered to “Hold” Rating by National Bank Financial

TerraVest Industries (TSE:TVK) was downgraded by equities researchers at National Bank Financial from a “strong-buy” rating to a “hold” rating in a report released 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 price objective on shares of TerraVest Industries from C$104.00 to C$128.00 in a research note on Tuesday.

TerraVest Industries Stock Down 3.2 %

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

Insider Buying and Selling at TerraVest Industries

In other news, insider Charles Pellerin sold 5,300 shares of the firm’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$530,000.00. Also, Director Dustin Haw sold 20,000 shares of TerraVest Industries stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$100.00, for a total value of C$2,000,000.00. In the last ninety days, insiders sold 113,700 shares of company stock valued at $11,556,134. 29.81% of the stock is owned by corporate 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.