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

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) have been assigned an average rating of "Buy" from the five brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$185.25.

A number of analysts have recently commented on the company. Scotiabank lifted their price target 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. National Bankshares raised shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$134.00 to C$190.00 in a report on Friday, May 2nd. BMO Capital Markets raised TerraVest Industries to a "hold" rating in a research note on Tuesday, May 27th. National Bank Financial upgraded shares of TerraVest Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Desjardins upgraded 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 report on Thursday, May 22nd.

TerraVest Industries Price Performance

Shares of TerraVest Industries stock traded down C$1.45 during midday trading on Thursday, reaching C$168.81. The company had a trading volume of 58,739 shares, compared to its average volume of 97,626. The company has a market capitalization of C$3.31 billion, a price-to-earnings ratio of 49.80 and a beta of 0.66. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. TerraVest Industries has a 1-year low of C$69.71 and a 1-year high of C$176.64. The stock has a fifty day simple moving average of C$163.10 and a 200 day simple moving average of C$137.92.

TerraVest Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.175 per share. The ex-dividend date is 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 (DPR) is presently 17.70%.

Insider Buying and Selling

In related news, Director Charles Pellerin sold 26,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$171.03, for a total value of C$4,446,780.00. Also, Director Pierre Fournier sold 2,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of C$169.93, for a total transaction of C$339,860.00. Insiders sold 102,000 shares of company stock worth $16,899,040 over the last 90 days. 29.81% of the stock is owned by insiders.

About TerraVest Industries

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.