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

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$137.20.

A number of equities research analysts have recently weighed in on the company. Scotiabank boosted their price target on TerraVest Industries from C$140.00 to C$141.00 in a report on Thursday, April 10th. Desjardins upped their target price on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. National Bankshares raised their price objective on 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 lifted their price target on TerraVest Industries from C$132.00 to C$170.00 and gave the company a "buy" rating in a report on Tuesday, March 18th.

TerraVest Industries Stock Up 3.2 %

TVK stock traded up C$4.38 during mid-day trading on Friday, hitting C$139.23. 63,413 shares of the company were exchanged, compared to its average volume of 108,279. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. The company has a market capitalization of C$2.73 billion, a PE ratio of 41.08 and a beta of 0.66. TerraVest Industries has a twelve month low of C$67.66 and a twelve month high of C$152.07. The firm has a fifty day simple moving average of C$126.43 and a 200 day simple moving average of C$118.45.

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TerraVest Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, March 31st. This is an increase from TerraVest Industries's previous quarterly dividend of $0.15. TerraVest Industries's dividend payout ratio (DPR) is 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.