Scotiabank Forecasts Strong Price Appreciation for TerraVest Industries (TSE:TVK) Stock

TerraVest Industries (TSE:TVK) had its target price upped by Scotiabank from C$140.00 to C$141.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

TVK has been the subject of a number of other reports. National Bankshares increased 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. Desjardins lifted their target price on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Finally, Canaccord Genuity Group boosted their price target on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$137.20.

TerraVest Industries Trading Down 4.3 %

TerraVest Industries stock opened at C$127.96 on Thursday. TerraVest Industries has a 12-month low of C$67.66 and a 12-month high of C$152.07. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The stock has a market capitalization of C$2.51 billion, a PE ratio of 37.75 and a beta of 0.66. The firm has a 50 day simple moving average of C$126.27 and a 200-day simple moving average of C$117.78.

TerraVest Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.55%. This is a boost from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 31st. TerraVest Industries’s payout ratio 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.