Brokerages Set TerraVest Industries Inc. (TSE:TVK) Price Target at C$166.40

TerraVest Industries Inc. (TSE:TVK) has earned an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$166.40.

A number of equities research analysts have recently weighed in on TVK shares. National Bank Financial upgraded TerraVest Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 2nd. 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. Desjardins upgraded TerraVest Industries to a “moderate buy” rating and boosted their target price for the stock from C$172.00 to C$175.00 in a research report on Thursday, May 22nd. National Bankshares upgraded TerraVest Industries from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$134.00 to C$190.00 in a research report on Friday, May 2nd. Finally, BMO Capital Markets raised TerraVest Industries to a “hold” rating in a research note on Tuesday, May 27th.

Insider Buying and Selling at TerraVest Industries

In other TerraVest Industries news, Director Dustin Haw sold 60,000 shares of the business’s stock in a transaction dated Monday, May 26th. The stock was sold at an average price of C$163.35, for a total value of C$9,801,000.00. Also, Director Charles Pellerin sold 26,000 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of C$171.03, for a total value of C$4,446,780.00. Over the last ninety days, insiders sold 100,000 shares of company stock valued at $16,559,180. Company insiders own 29.81% of the company’s stock.

TerraVest Industries Trading Up 0.7%

TVK stock opened at C$171.25 on Friday. The company has a market cap of C$3.36 billion, a P/E ratio of 50.52 and a beta of 0.66. TerraVest Industries has a twelve month low of C$67.66 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$150.87 and a 200-day moving average of C$131.78.

TerraVest Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.41%. This is a boost from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, March 31st. TerraVest Industries’s payout ratio is presently 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.