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

TerraVest Industries Inc. (TSE:TVK) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$137.20.

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

TerraVest Industries Trading Down 1.2 %

Shares of TSE TVK opened at C$137.62 on Friday. The company has a 50-day moving average of C$126.71 and a two-hundred day moving average of C$118.88. TerraVest Industries has a 1-year low of C$67.66 and a 1-year high of C$152.07. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. The company has a market cap of C$2.70 billion, a PE ratio of 40.60 and a beta of 0.66.

TerraVest Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were issued a $0.175 dividend. This is a boost from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 31st. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. 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.