TerraVest Industries Inc. (TSE:TVK) Given Consensus Rating of "Moderate Buy" by Brokerages

TerraVest Industries Inc. (TSE:TVK - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$137.00.

A number of brokerages recently issued reports on TVK. National Bank Financial downgraded TerraVest Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. Desjardins lifted their price target on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Scotiabank increased their price objective on shares of TerraVest Industries from C$126.00 to C$140.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. National Bankshares raised their price objective on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 18th. Finally, Canaccord Genuity Group upped their target price on TerraVest Industries from C$132.00 to C$170.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th.

TerraVest Industries Trading Up 1.0 %

TVK traded up C$1.55 on Tuesday, hitting C$149.76. The company had a trading volume of 123,852 shares, compared to its average volume of 112,701. The business's fifty day simple moving average is C$123.43 and its 200 day simple moving average is C$113.49. 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 has a 12-month low of C$56.84 and a 12-month high of C$152.07. The company has a market cap of C$2.94 billion, a PE ratio of 44.18 and a beta of 0.66.

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TerraVest Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, March 31st. This is an increase from TerraVest Industries's previous quarterly dividend of $0.15. TerraVest Industries's payout ratio is currently 17.70%.

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.