TerraVest Industries (TSE:TVK) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

TerraVest Industries Inc. (TSE:TVK)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$126.58 and traded as high as C$135.21. TerraVest Industries shares last traded at C$128.67, with a volume of 159,617 shares traded.

Analyst Ratings Changes

Several analysts have commented on TVK shares. Canaccord Genuity Group lifted their price objective on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. National Bankshares upped their target price on TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 18th. Scotiabank increased their target price on TerraVest Industries from C$126.00 to C$140.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Finally, 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 research report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$137.00.

TerraVest Industries Price Performance

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 50 day simple moving average of C$126.58 and a two-hundred day simple moving average of C$116.92. The company has a market cap of C$2.53 billion, a price-to-earnings ratio of 37.96 and a beta of 0.66.

TerraVest Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, April 10th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.54%. This is a positive change from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, March 31st. TerraVest Industries’s dividend 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.