TerraVest Industries Inc. (TSE:TVK) Given Average Rating of “Buy” by Brokerages

Shares of TerraVest Industries Inc. (TSE:TVK) have received an average rating of “Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$185.25.

TVK has been the subject of a number of recent research reports. Scotiabank boosted their target price on TerraVest Industries from C$171.00 to C$176.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. National Bankshares upgraded TerraVest Industries from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$134.00 to C$190.00 in a report on Friday, May 2nd. Canaccord Genuity Group upped their price objective on TerraVest Industries from C$170.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Desjardins upgraded TerraVest Industries to a “moderate buy” rating and upped their price objective for the company from C$172.00 to C$175.00 in a report on Thursday, May 22nd. Finally, BMO Capital Markets upgraded TerraVest Industries to a “hold” rating in a report on Tuesday, May 27th.

TerraVest Industries Trading Down 2.2%

TVK stock opened at C$168.60 on Thursday. The company has a market cap of C$3.31 billion, a P/E ratio of 49.74 and a beta of 0.66. TerraVest Industries has a twelve month low of C$69.71 and a twelve month high of C$176.64. 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 business has a fifty day moving average of C$161.75 and a 200-day moving average of C$137.25.

TerraVest Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were issued a $0.175 dividend. This is an increase from TerraVest Industries’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, March 31st. TerraVest Industries’s dividend payout ratio is 17.70%.

Insiders Place Their Bets

In related news, Director Dustin Haw sold 60,000 shares of the stock in a transaction dated Monday, May 26th. The stock was sold at an average price of C$163.35, for a total transaction of C$9,801,000.00. Also, Director Charles Pellerin sold 14,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$165.10, for a total value of C$2,311,400.00. Insiders sold 102,000 shares of company stock worth $16,899,040 over the last ninety days. 29.81% of the stock is currently owned by corporate insiders.

About TerraVest Industries

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company’s operating segments are Fuel Containment, Processing Equipment, and Service.