TerraVest Industries Inc. (TSE:TVK) Given Consensus Recommendation of "Moderate Buy" by Brokerages

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.

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat Ratings reports. Three 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is C$181.00.

TVK has been the subject of several research reports. CIBC set a C$175.00 price target on shares of TerraVest Industries and gave the stock a "neutral" rating in a research note on Wednesday. Canaccord Genuity Group raised their target price on shares of 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. BMO Capital Markets decreased their target price on shares of TerraVest Industries from C$180.00 to C$175.00 in a research note on Friday. National Bank Financial raised shares of TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Desjardins decreased their target price on shares of TerraVest Industries from C$185.00 to C$175.00 and set a "buy" rating for the company in a research note on Friday.

Insider Transactions at TerraVest Industries

In related news, Director Charles Pellerin sold 14,000 shares of the company'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 value of C$2,311,400.00. Also, Director Dustin Haw sold 60,000 shares of the company's stock in a transaction that occurred on 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. Over the last three months, insiders have sold 78,000 shares of company stock worth $12,783,764. Insiders own 29.81% of the company's stock.

TerraVest Industries Stock Down 2.7%

TSE TVK traded down C$3.82 during trading hours on Friday, reaching C$138.96. 245,306 shares of the company's stock were exchanged, compared to its average volume of 91,776. The company's 50-day moving average is C$165.48 and its two-hundred day moving average is C$148.69. TerraVest Industries has a one year low of C$89.60 and a one year high of C$176.64. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The company has a market capitalization of C$2.73 billion, a price-to-earnings ratio of 41.00 and a beta of 0.66.

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 issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.5%. The ex-dividend date 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.