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

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) have received an average rating of "Buy" from the six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$166.40.

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

Insider Activity at TerraVest Industries

In related news, Director Charles Pellerin sold 14,000 shares of TerraVest Industries stock in a transaction 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 dated 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. Over the last quarter, insiders sold 100,000 shares of company stock worth $16,559,180. Corporate insiders own 29.81% of the company's stock.

TerraVest Industries Trading Down 1.0%

Shares of TerraVest Industries stock traded down C$1.78 during trading hours on Friday, hitting C$169.47. The company's stock had a trading volume of 43,720 shares, compared to its average volume of 105,158. The stock has a market cap of C$3.33 billion, a price-to-earnings ratio of 50.00 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 twelve month low of C$67.66 and a twelve month high of C$176.64. The firm has a fifty day moving average of C$151.46 and a 200-day moving average of C$132.04.

TerraVest Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were paid a $0.175 dividend. This is a positive change from TerraVest Industries's previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 31st. This represents a $0.70 annualized dividend and a dividend yield of 0.41%. TerraVest Industries's dividend payout ratio (DPR) is presently 17.70%.

TerraVest Industries Company Profile

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.