Brokerages Set TerraVest Industries Inc. (TSE:TVK) Price Target at C$185.20

Key Points

• Analysts have given TerraVest Industries Inc. a consensus rating of "Moderate Buy" from seven research firms, with an average one-year price target of C$181.00.
• The company declared a quarterly dividend of $0.175 per share, which translates to an annualized yield of 0.5% and a dividend payout ratio of 17.70%.
• Insider transactions indicate significant selling activity, with directors selling a combined total of 78,000 shares valued at approximately $12.78 million over the last three months.

TerraVest Industries Inc. (TSE:TVK - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$181.00.

Several equities analysts have commented on the company. Scotiabank cut their price objective on TerraVest Industries from C$180.00 to C$176.00 and set a "sector perform" rating on the stock in a research report on Friday. Desjardins cut their price objective on TerraVest Industries from C$185.00 to C$175.00 and set a "buy" rating on the stock in a research report on Friday. Canaccord Genuity Group upped their price objective on 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 report on Friday, May 2nd. Finally, National Bankshares cut their price objective on TerraVest Industries from C$200.00 to C$185.00 and set an "outperform" rating on the stock in a research report on Friday.

Insider Transactions at TerraVest Industries

In other news, Director Charles Pellerin sold 14,000 shares of the stock in a transaction 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 Dustin Haw sold 60,000 shares of the stock in a transaction on 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. In the last 90 days, insiders have sold 78,000 shares of company stock valued at $12,783,764. 29.81% of the stock is currently owned by corporate insiders.

TerraVest Industries Trading Up 0.7%

TerraVest Industries stock traded up C$0.91 during mid-day trading on Friday, hitting C$138.16. The company's stock had a trading volume of 23,287 shares, compared to its average volume of 91,259. The company has a 50 day moving average of C$164.83 and a 200-day moving average of C$148.80. The stock has a market cap of C$2.71 billion, a PE ratio of 40.76 and a beta of 0.66. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. TerraVest Industries has a one year low of C$89.60 and a one year high of C$176.64.

TerraVest Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, July 10th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.5%. TerraVest Industries's dividend payout ratio is presently 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.