Canaccord Genuity Group Forecasts Strong Price Appreciation for TerraVest Industries (TSE:TVK) Stock

TerraVest Industries (TSE:TVK) had its price target raised by Canaccord Genuity Group from C$132.00 to C$170.00 in a research note released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on TVK. Desjardins boosted 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. National Bankshares boosted 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. Scotiabank upped their target price on shares of TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. Finally, National Bank Financial lowered shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$137.00.

TerraVest Industries Trading Up 2.9 %

Shares of TVK opened at C$144.99 on Tuesday. TerraVest Industries has a 52-week low of C$55.98 and a 52-week high of C$146.39. 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 firm’s fifty day moving average is C$122.77 and its two-hundred day moving average is C$112.99. The stock has a market cap of C$2.85 billion, a PE ratio of 42.78 and a beta of 0.66.

TerraVest Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.175 per share. The ex-dividend date is Monday, March 31st. This represents a $0.70 dividend on an annualized basis and a yield of 0.48%. This is a boost from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s dividend payout ratio (DPR) is presently 17.70%.

About TerraVest Industries

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.