Desjardins Issues Positive Forecast for TerraVest Industries (TSE:TVK) Stock Price

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.

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.

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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

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.