TerraVest Industries (TSE:TVK) Price Target Raised to C$140.00

TerraVest Industries (TSE:TVK) had its target price increased by Scotiabank from C$126.00 to C$140.00 in a research report released on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on TVK. 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. National Bank Financial downgraded TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Canaccord Genuity Group upped their target price on TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a report on Tuesday. Finally, National Bankshares upped their target price on TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, TerraVest Industries has an average rating of “Moderate Buy” and a consensus target price of C$137.00.

TerraVest Industries Trading Up 2.9 %

TSE:TVK opened at C$144.99 on Tuesday. TerraVest Industries has a 1 year low of C$55.98 and a 1 year high of C$146.39. The stock has a market cap of C$2.85 billion, a price-to-earnings ratio of 42.78 and a beta of 0.66. The business has a fifty day moving average of C$122.77 and a 200-day moving average of C$112.99. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44.

TerraVest Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.48%. This is an increase from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, March 31st. TerraVest Industries’s dividend payout ratio is currently 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.