Analysts Set TerraVest Industries Inc. (TSE:TVK) PT at C$185.25

TerraVest Industries Inc. (TSE:TVK - Get Free Report) has been assigned a consensus recommendation of "Buy" from the five ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$185.25.

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

Insider Activity at TerraVest Industries

In other news, Director Dustin Haw sold 60,000 shares of TerraVest Industries stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$163.35, for a total value of C$9,801,000.00. Also, Director Pierre Fournier sold 2,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$169.93, for a total transaction of C$339,860.00. In the last ninety days, insiders have sold 102,000 shares of company stock valued at $16,899,040. 29.81% of the stock is owned by corporate insiders.

TerraVest Industries Price Performance

TVK traded up C$0.23 on Monday, hitting C$164.00. 41,884 shares of the stock were exchanged, compared to its average volume of 91,778. The firm has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 48.39 and a beta of 0.66. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. TerraVest Industries has a 12 month low of C$73.00 and a 12 month high of C$176.64. The business has a 50-day moving average of C$167.63 and a two-hundred day moving average of C$143.51.

TerraVest Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, June 30th. TerraVest Industries's payout ratio is 17.70%.

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.