TerraVest Industries Inc. (TSE:TVK) Given Consensus Rating of "Buy" by Analysts

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) have earned a consensus rating of "Buy" from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$185.25.

Several equities research analysts have recently issued reports on the company. Scotiabank raised their price objective on TerraVest Industries from C$171.00 to C$176.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group raised their price objective on TerraVest Industries from C$170.00 to C$200.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. National Bankshares raised TerraVest Industries from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$134.00 to C$190.00 in a research note on Friday, May 2nd. National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, BMO Capital Markets raised TerraVest Industries to a "hold" rating in a research note on Tuesday, May 27th.

TerraVest Industries Price Performance

TSE TVK traded down C$1.45 during trading on Thursday, hitting C$168.81. 58,739 shares of the stock traded hands, compared to its average volume of 97,626. The company has a market capitalization of C$3.31 billion, a P/E ratio of 49.80 and a beta of 0.66. The firm has a 50-day simple moving average of C$163.10 and a 200-day simple moving average of C$138.09. 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 12-month low of C$69.71 and a 12-month high of C$176.64.

TerraVest Industries Dividend Announcement

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

Insider Buying and Selling

In related news, Director Charles Pellerin sold 14,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$165.10, for a total transaction of C$2,311,400.00. Also, Director Pierre Fournier sold 2,000 shares of the firm'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 value of C$339,860.00. In the last three months, insiders sold 102,000 shares of company stock valued at $16,899,040. 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.