TerraVest Industries (TSE:TVK) Lowered 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 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 upped their target price on TerraVest Industries from C$104.00 to C$128.00 in a report on Tuesday.

TerraVest Industries Trading Down 3.2 %

TSE TVK opened at C$114.43 on Monday. TerraVest Industries has a one year low of C$35.02 and a one year high of C$125.72. The company has a debt-to-equity ratio of 71.72, a quick ratio of 0.91 and a current ratio of 2.32. The company has a market capitalization of C$2.23 billion, a price-to-earnings ratio of 33.17 and a beta of 0.66. The company’s 50-day simple moving average is C$105.06 and its two-hundred day simple moving average is C$88.99.

Insider Buying and Selling at TerraVest Industries

In related news, insider Charles Pellerin sold 5,300 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were 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 shares were sold at an average price of C$100.00, for a total value of C$2,000,000.00. Insiders sold a total of 113,700 shares of company stock worth $11,556,134 over the last three months. Corporate insiders own 29.81% of the company’s stock.

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.