Brokerages Set TerraVest Industries Inc. (TSE:TVK) PT at C$109.50

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) have received an average recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$137.00.

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

TerraVest Industries Stock Up 2.2 %

Shares of TSE TVK traded up C$3.22 during trading on Tuesday, reaching C$148.21. The company had a trading volume of 309,805 shares, compared to its average volume of 112,501. TerraVest Industries has a 12-month low of C$56.35 and a 12-month high of C$149.51. The stock has a market cap of C$2.91 billion, a PE ratio of 43.73 and a beta of 0.66. The business's 50-day moving average is C$123.43 and its 200 day moving average is 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.

Remove Ads

TerraVest Industries Increases Dividend

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