TerraVest Industries (TSE:TVK) Price Target Raised to C$171.00

TerraVest Industries (TSE:TVK) had its target price boosted by Scotiabank from C$141.00 to C$171.00 in a research note released on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on TVK. Canaccord Genuity Group lifted their target price 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. Desjardins raised their target price on TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Finally, National Bankshares upgraded shares of TerraVest Industries from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$134.00 to C$190.00 in a research report on Friday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$158.80.

TerraVest Industries Stock Up 0.5 %

TSE TVK opened at C$162.47 on Monday. TerraVest Industries has a 1-year low of C$67.66 and a 1-year high of C$164.40. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. The stock’s 50 day moving average is C$132.72 and its two-hundred day moving average is C$123.12. The company has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 47.93 and a beta of 0.66.

TerraVest Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.43%. This is a positive change from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 31st. TerraVest Industries’s dividend payout ratio (DPR) is presently 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.