National Bank Financial Cuts Tervita (TEV) Price Target to C$10.40

Tervita (TSE:TEV) had its price target trimmed by National Bank Financial from C$11.40 to C$10.40 in a research report released on Monday, February 4th. The brokerage currently has an outperform rating on the stock. National Bank Financial also issued estimates for Tervita’s Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.04) EPS, Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $0.39 EPS, Q1 2020 earnings at $0.13 EPS, Q2 2020 earnings at $0.07 EPS, Q3 2020 earnings at $0.20 EPS, Q4 2020 earnings at $0.19 EPS and FY2020 earnings at $0.59 EPS.

A number of other equities analysts also recently issued reports on TEV. Canaccord Genuity dropped their price target on Tervita from C$13.50 to C$12.00 in a research report on Thursday, January 10th. CIBC dropped their price target on Tervita from C$13.50 to C$12.50 in a research report on Tuesday, October 16th. Finally, GMP Securities upped their price objective on Tervita from C$12.50 to C$13.00 in a research note on Monday, November 19th.

Tervita stock traded down C$0.07 during mid-day trading on Monday, hitting C$7.00. The company’s stock had a trading volume of 17,300 shares, compared to its average volume of 59,172. The company has a market capitalization of $822.90 million and a PE ratio of -11.73. The company has a quick ratio of 1.29, a current ratio of 1.41 and a debt-to-equity ratio of 183.07. Tervita has a one year low of C$5.99 and a one year high of C$10.50.

About Tervita

Tervita Corporation provides environmental solutions for oil and gas, mining, industry, community, and government customers in Canada and the United States. The company offers bioremediation services, caverns and oil field waste disposal, civil and environmental construction, commercial demolition and decommissioning, energy marketing, engineered landfill disposal, metals recycling, municipal and industrial water treatment, NORM management, oil and gas demolition and recovery, oil recovery, onsite produced and frac water treatment, onsite waste management, remediation and reclamation services, specialized waste containers, spill and emergency response, sulphur services, treatment recovery and disposal, waste classification and tracking services, waste transportation services, and water disposal wells.

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