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

National Bank Financial downgraded shares of TerraVest Industries (TSE:TVK) from a strong-buy rating to a hold rating in a research report sent to investors 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 boosted their price target on shares of TerraVest Industries from C$104.00 to C$128.00 in a report on Tuesday.

TerraVest Industries Trading Down 0.7 %

Shares of TSE TVK opened at C$113.68 on Monday. The company has a market cap of C$2.22 billion, a price-to-earnings ratio of 33.17 and a beta of 0.66. The stock’s 50 day simple moving average is C$105.36 and its 200 day simple moving average is C$89.24. 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.

Insider Activity

In other news, Director Dustin Haw sold 20,000 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$2,000,000.00. Also, insider Charles Pellerin sold 69,000 shares of TerraVest Industries stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of C$102.56, for a total transaction of C$7,076,640.00. Over the last 90 days, insiders have sold 113,700 shares of company stock valued at $11,556,134. 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.