TerraVest Industries Inc. (TSE:TVK) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) have been assigned an average rating of "Buy" from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$185.25.

A number of analysts have recently weighed in on TVK shares. BMO Capital Markets upgraded TerraVest Industries to a "hold" rating in a research report on Tuesday, May 27th. National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Canaccord Genuity Group raised their price objective on TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. National Bankshares raised TerraVest Industries from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$134.00 to C$190.00 in a research report on Friday, May 2nd. Finally, Desjardins raised shares of TerraVest Industries to a "moderate buy" rating and increased their target price for the stock from C$172.00 to C$175.00 in a research note on Thursday, May 22nd.

TerraVest Industries Trading Up 0.7%

TVK stock traded up C$1.19 during midday trading on Monday, reaching C$168.75. The company's stock had a trading volume of 29,645 shares, compared to its average volume of 91,055. The business's 50-day simple moving average is C$167.43 and its 200-day simple moving average is C$144.58. The stock has a market cap of C$3.31 billion, a PE ratio of 49.79 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. TerraVest Industries has a 52 week low of C$73.00 and a 52 week high of C$176.64.

TerraVest Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, July 10th were given a $0.175 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.70 dividend on an annualized basis and a yield of 0.41%. TerraVest Industries's dividend payout ratio is currently 17.70%.

Insider Buying and Selling

In other TerraVest Industries news, Director Dustin Haw sold 60,000 shares of the firm's stock in a transaction on Monday, May 26th. The shares were sold at an average price of C$163.35, for a total transaction of C$9,801,000.00. Also, Director Pierre Fournier sold 2,000 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of C$165.75, for a total value of C$331,504.00. In the last 90 days, insiders have sold 104,000 shares of company stock valued at $17,230,544. Corporate insiders own 29.81% of the company's stock.

TerraVest Industries Company Profile

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.