Analysts Set TerraVest Industries Inc. (TSE:TVK) Price Target at C$137.20

TerraVest Industries Inc. (TSE:TVK) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com 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 12 month target price among analysts that have issued a report on the stock in the last year is C$137.20.

Several analysts recently issued reports on the stock. Desjardins lifted 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, March 18th. Canaccord Genuity Group lifted their price objective on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Scotiabank upped their target price on shares of TerraVest Industries from C$140.00 to C$141.00 in a report on Thursday, April 10th. Finally, National Bankshares lifted their price target on TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 18th.

TerraVest Industries Stock Performance

TSE:TVK opened at C$134.85 on Friday. 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 twelve month low of C$67.66 and a twelve month high of C$152.07. The company has a fifty day moving average of C$126.43 and a 200-day moving average of C$118.45. The firm has a market capitalization of C$2.65 billion, a P/E ratio of 39.78 and a beta of 0.66.

TerraVest Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were issued a dividend of $0.175 per share. This is a boost from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.70 dividend on an annualized basis and a yield of 0.52%. 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.