TerraVest Industries (TSE:TVK) Given New C$134.00 Price Target at National Bankshares

TerraVest Industries (TSE:TVK) had its price target increased by National Bankshares from C$126.00 to C$134.00 in a research report report published on Tuesday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

TVK has been the subject of several other research reports. National Bank Financial cut shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank upped their price objective on TerraVest Industries from C$125.00 to C$126.00 in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$137.00.

TerraVest Industries Trading Up 4.7 %

TVK opened at C$137.16 on Tuesday. The firm has a 50 day simple moving average of C$121.60 and a 200 day simple moving average of C$112.45. TerraVest Industries has a fifty-two week low of C$55.73 and a fifty-two week high of C$144.99. The company has a market cap of C$2.69 billion, a price-to-earnings ratio of 40.47 and a beta of 0.66. 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 company also recently declared 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 is a positive change from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, March 31st. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. TerraVest Industries’s payout ratio 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.