TerraVest Industries Inc. (TSE:TVK) Given Consensus Rating of “Moderate Buy” by Brokerages

TerraVest Industries Inc. (TSE:TVK) has received an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on 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.

A number of equities analysts have recently weighed in on TVK shares. National Bankshares lifted 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 research report on Tuesday, March 18th. Desjardins lifted their target price on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Canaccord Genuity Group boosted 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. National Bank Financial lowered TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, Scotiabank lifted their price objective on TerraVest Industries from C$126.00 to C$140.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th.

TerraVest Industries Price Performance

Shares of TVK opened at C$148.21 on Tuesday. The stock has a market cap of C$2.91 billion, a PE ratio of 43.73 and a beta of 0.66. The business has a 50-day simple moving average of C$123.43 and a two-hundred day simple moving average of C$113.35. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. TerraVest Industries has a 12-month low of C$56.35 and a 12-month high of C$149.51.

TerraVest Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be paid a $0.175 dividend. This is an increase 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 0.47%. TerraVest Industries’s dividend payout ratio (DPR) is currently 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.