3 days ago
BMO Capital Sticks to Their Hold Rating for TerraVest (TVK)
In a report released on August 14, John Gibson CFA from BMO Capital maintained a Hold rating on TerraVest, with a price target of C$175.00. The company's shares closed yesterday at C$138.96.
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According to TipRanks, Gibson CFA is a 5-star analyst with an average return of 19.0% and a 58.69% success rate. Gibson CFA covers the Energy sector, focusing on stocks such as Parkland, North American Construction Group, and TerraVest.
In addition to BMO Capital, TerraVest also received a Hold from Scotiabank's Jonathan Goldman in a report issued yesterday. However, on the same day, National Bank maintained a Buy rating on TerraVest (TSX: TVK).
Based on TerraVest's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$311.45 million and a net profit of C$28.19 million. In comparison, last year the company earned a revenue of C$214.94 million and had a net profit of C$22.36 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TVK in relation to earlier this year.
