TerraVest Industries (TSE:TVK) Reaches New 1-Year High - Here's Why

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$150.27 and last traded at C$150.26, with a volume of 11164 shares changing hands. The stock had previously closed at C$148.21.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. National Bankshares raised their target price on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the company a "sector perform" rating in a report on Tuesday, March 18th. Desjardins lifted their price target on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Canaccord Genuity Group upped their price objective on TerraVest Industries from C$132.00 to C$170.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. National Bank Financial lowered TerraVest Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. Finally, Scotiabank boosted their target price on TerraVest Industries from C$126.00 to C$140.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$137.00.

TerraVest Industries Stock Down 2.1 %

The stock has a market cap of C$2.88 billion, a PE ratio of 43.24 and a beta of 0.66. The business has a 50 day moving average of C$124.65 and a 200-day moving average of C$114.22. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38.

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TerraVest Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.48%. This is a boost from TerraVest Industries's previous quarterly dividend of $0.15. The ex-dividend date is Monday, March 31st. TerraVest Industries's 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.