Desjardins Issues Positive Forecast for TerraVest Industries (TSE:TVK) Stock Price

TerraVest Industries (TSE:TVK) had its price target raised by Desjardins from C$125.00 to C$150.00 in a research note released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Scotiabank increased their target price on TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. National Bankshares raised their price objective on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, National Bank Financial lowered shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$137.00.

TerraVest Industries Stock Performance

Shares of TerraVest Industries stock opened at C$137.16 on Tuesday. The company’s 50 day moving average price is C$121.60 and its two-hundred day moving average price is C$112.45. The firm has a market capitalization of C$2.69 billion, a P/E ratio of 40.47 and a beta of 0.66. TerraVest Industries has a fifty-two week low of C$55.73 and a fifty-two week high of C$144.99. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91.

TerraVest Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from TerraVest Industries’s previous quarterly dividend of $0.15. 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.