TerraVest Industries Inc. (TSE:TVK) Given Consensus Rating of “Moderate Buy” by Analysts

TerraVest Industries Inc. (TSE:TVK) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$137.00.

A number of equities research analysts recently commented on the company. Canaccord Genuity Group boosted their target price on 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. National Bankshares upped their price objective on TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 18th. National Bank Financial downgraded TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank boosted their price target on shares of TerraVest Industries from C$126.00 to C$140.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Finally, Desjardins increased 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.

TerraVest Industries Stock Up 1.0 %

Shares of TVK stock opened at C$149.76 on Tuesday. The company’s fifty day simple moving average is C$124.16 and its two-hundred day simple moving average is C$113.87. TerraVest Industries has a 52 week low of C$56.84 and a 52 week high of C$152.07. The stock has a market cap of C$2.94 billion, a P/E ratio of 44.18 and a beta of 0.66. 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 Increases Dividend

The firm also recently announced 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. This is a boost from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.47%. TerraVest Industries’s dividend payout ratio is currently 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.