Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$126.98 and traded as high as C$135.35. TerraVest Industries shares last traded at C$132.82, with a volume of 26,209 shares changing hands.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Canaccord Genuity Group lifted 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. Desjardins lifted their target price on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. National Bankshares increased their price target on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 18th. Finally, Scotiabank boosted their target price on TerraVest Industries from C$140.00 to C$141.00 in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$137.20.
Check Out Our Latest Research Report on TerraVest Industries
TerraVest Industries Stock Performance
The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The stock has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 39.19 and a beta of 0.66. The firm has a fifty day moving average of C$126.98 and a 200-day moving average of C$119.82.
TerraVest Industries Increases Dividend
The firm also recently announced 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 is an increase from TerraVest Industries's previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, March 31st. TerraVest Industries's dividend payout ratio (DPR) is 17.70%.
About TerraVest Industries
(
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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.
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