TerraVest Industries (TSE:TVK) Price Target Raised to C$170.00

TerraVest Industries (TSE:TVK) had its price target upped by Canaccord Genuity Group from C$132.00 to C$170.00 in a research report released on Tuesday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

TVK has been the topic of a number of other reports. National Bankshares raised their target price on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research note on Tuesday. Scotiabank raised their price objective on shares of TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. Desjardins lifted their price objective on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, National Bank Financial downgraded TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$137.00.

TerraVest Industries Stock Performance

TSE:TVK opened at C$137.16 on Tuesday. The stock has a market cap of C$2.69 billion, a P/E ratio of 40.47 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. The business’s 50-day moving average price is C$121.60 and its two-hundred day moving average price is C$112.45. TerraVest Industries has a twelve month low of C$55.73 and a twelve month high of C$144.99.

TerraVest Industries Increases Dividend

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