Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$126.58 and traded as high as C$135.21. TerraVest Industries shares last traded at C$128.67, with a volume of 159,617 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. National Bankshares increased their price target on TerraVest Industries from C$126.00 to C$134.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 18th. Scotiabank lifted their price target on shares of TerraVest Industries from C$140.00 to C$141.00 in a research note on Thursday. Canaccord Genuity Group upped their price objective on shares of 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. Finally, 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 research report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, TerraVest Industries presently has a consensus rating of "Moderate Buy" and an average target price of C$137.20.
View Our Latest Report on TerraVest Industries
TerraVest Industries Trading Up 3.0 %
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$2.59 billion, a PE ratio of 38.90 and a beta of 0.66. The business's 50-day moving average is C$126.30 and its two-hundred day moving average is C$118.02.
TerraVest Industries Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were issued a $0.175 dividend. This is an increase from TerraVest Industries's previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, March 31st. TerraVest Industries's payout ratio is presently 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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