TerraVest Industries Inc. (TSE:TVK) Receives C$109.50 Consensus Price Target from Brokerages

TerraVest Industries Inc. (TSE:TVK) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$137.00.

Several research firms have recently issued reports on TVK. Desjardins boosted their price target 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. National Bankshares boosted their price target on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research report on Tuesday. Scotiabank boosted their price target on shares of TerraVest Industries from C$126.00 to C$140.00 and gave the company an “outperform” rating in a research report on Tuesday. National Bank Financial lowered shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, Canaccord Genuity Group boosted their price target on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a research report on Tuesday.

TerraVest Industries Stock Performance

Shares of TVK stock opened at C$144.99 on Tuesday. The firm has a market cap of C$2.85 billion, a price-to-earnings ratio of 42.78 and a beta of 0.66. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. TerraVest Industries has a 52 week low of C$55.98 and a 52 week high of C$146.39. The firm’s 50-day simple moving average is C$122.77 and its two-hundred day simple moving average is C$112.99.

TerraVest Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, April 10th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, March 31st. This is a positive change from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s dividend payout ratio 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.