TerraVest Industries (TSE:TVK) Price Target Raised to C$150.00

TerraVest Industries (TSE:TVK) had its price target raised by Desjardins from C$125.00 to C$150.00 in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

TVK has been the topic of a number of other research reports. National Bankshares upped their price target on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research report on Tuesday. 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. Finally, Scotiabank increased their price objective on shares of TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$137.00.

TerraVest Industries Stock Performance

Shares of TerraVest Industries stock opened at C$144.99 on Tuesday. 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$55.98 and a twelve month high of C$146.39. The stock has a market cap of C$2.85 billion, a price-to-earnings ratio of 42.78 and a beta of 0.66. The company’s fifty day moving average is C$122.77 and its 200 day moving average is C$112.99.

TerraVest Industries Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.70 annualized dividend and a dividend yield of 0.48%. This is a positive change from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s dividend payout ratio (DPR) 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.