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

National Bank Financial cut shares of TerraVest Industries (TSE:TVK) from a strong-buy rating to a hold rating in a research report report published on Monday morning,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 Stock Down 3.2 %

Shares of TSE TVK opened at C$114.43 on Monday. The stock has a market cap of C$2.23 billion, a PE 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. TerraVest Industries has a 12-month low of C$35.02 and a 12-month high of C$125.72. The company has a 50-day moving average of C$105.06 and a 200 day moving average of C$88.99.

Insider Buying and Selling

In other TerraVest Industries news, Director Dustin Haw sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 firm’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 transaction of C$160,416.00. In the last ninety days, insiders sold 113,700 shares of company stock valued at $11,556,134. 29.81% of the stock is currently owned by 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.