TerraVest Industries (TSE:TVK) Price Target Raised to C$141.00

TerraVest Industries (TSE:TVK) had its price objective increased by Scotiabank from C$140.00 to C$141.00 in a report issued on Thursday morning,BayStreet.CA reports.

A number of other analysts also recently issued reports on TVK. Desjardins lifted their price objective on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. National Bankshares raised their target price on shares of 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. Finally, Canaccord Genuity Group upped 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 note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, TerraVest Industries has a consensus rating of “Moderate Buy” and an average price target of C$137.20.

TerraVest Industries Trading Up 3.0 %

Shares of TerraVest Industries stock opened at C$131.86 on Thursday. TerraVest Industries has a twelve month low of C$67.66 and a twelve month high of C$152.07. 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 business has a 50-day moving average price of C$126.30 and a 200-day moving average price of C$118.02. The firm has a market cap of C$2.59 billion, a price-to-earnings ratio of 38.90 and a beta of 0.66.

TerraVest Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.53%. This is a positive change from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 31st. TerraVest Industries’s payout ratio is presently 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.