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

Shares of TerraVest Industries Inc. (TSE:TVK) have received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$109.50.

A number of research analysts have issued reports on TVK shares. National Bankshares increased 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. Desjardins increased 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 report on Tuesday. National Bank Financial cut shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Canaccord Genuity Group increased their target price 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. Finally, Scotiabank raised their price objective on shares of TerraVest Industries from C$126.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Tuesday.

TerraVest Industries Stock Performance

Shares of TVK traded up C$8.57 during mid-day trading on Tuesday, hitting C$139.61. 297,289 shares of the company’s stock were exchanged, compared to its average volume of 105,494. TerraVest Industries has a fifty-two week low of C$55.73 and a fifty-two week high of C$144.99. The firm has a market capitalization of C$2.74 billion, a P/E ratio of 41.19 and a beta of 0.66. The business’s 50 day moving average is C$121.12 and its two-hundred day moving average is C$112.17. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38.

TerraVest Industries Increases Dividend

The firm 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 dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. This is a boost from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, March 31st. 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.