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

Shares of TerraVest Industries Inc. (TSE:TVK) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 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 the company. National Bankshares upped their price target on 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. National Bank Financial cut shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Canaccord Genuity Group lifted their price target on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Desjardins boosted 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 note on Tuesday, March 18th. Finally, Scotiabank raised their target price on TerraVest Industries from C$126.00 to C$140.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th.

TerraVest Industries Price Performance

TVK opened at C$149.76 on Tuesday. The firm has a market cap of C$2.94 billion, a PE ratio of 44.18 and a beta of 0.66. The stock has a 50-day moving average price of C$124.16 and a 200-day moving average price of C$113.87. TerraVest Industries has a 1 year low of C$56.84 and a 1 year high of C$152.07. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91.

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%.

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.