TerraVest Industries (TSE:TVK - Free Report) had its price objective boosted by Desjardins from C$125.00 to C$150.00 in a research note published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.
Several other analysts have also recently commented on the company. Scotiabank boosted their price target on TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. National Bank Financial cut TerraVest Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. Finally, National Bankshares boosted their price target on TerraVest Industries from C$126.00 to C$134.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$137.00.
Check Out Our Latest Analysis on TVK
TerraVest Industries Price Performance
Shares of TerraVest Industries stock traded up C$3.22 on Tuesday, reaching C$148.21. The company's stock had a trading volume of 309,805 shares, compared to its average volume of 112,501. The company has a market capitalization of C$2.91 billion, a P/E ratio of 43.73 and a beta of 0.66. TerraVest Industries has a 52-week low of C$56.35 and a 52-week high of C$149.51. The stock has a 50-day moving average price of C$123.43 and a 200-day moving average price of C$113.23. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38.
TerraVest Industries Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, April 10th will be paid a dividend of $0.175 per share. This is a positive change from TerraVest Industries's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.70 annualized dividend and a yield of 0.47%. TerraVest Industries's dividend payout ratio is presently 17.70%.
TerraVest Industries Company Profile
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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.
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