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

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) have been given an average rating of "Buy" by the six brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$158.80.

A number of analysts have weighed in on the company. Canaccord Genuity Group increased their price objective on TerraVest Industries from C$132.00 to C$170.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. National Bankshares upgraded shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$134.00 to C$190.00 in a report on Friday, May 2nd. National Bank Financial upgraded TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Desjardins increased their target price on shares of TerraVest Industries from C$150.00 to C$172.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Scotiabank raised their target price on TerraVest Industries from C$141.00 to C$171.00 and gave the company an "outperform" rating in a report on Monday, May 5th.

TerraVest Industries Stock Performance

Shares of TerraVest Industries stock traded down C$0.72 during trading on Wednesday, reaching C$166.75. The company's stock had a trading volume of 12,265 shares, compared to its average volume of 100,977. The company has a 50-day moving average price of C$137.11 and a two-hundred day moving average price of C$124.93. The firm has a market cap of C$3.27 billion, a PE ratio of 49.20 and a beta of 0.66. TerraVest Industries has a fifty-two week low of C$67.66 and a fifty-two week high of C$173.25. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.42%. This is a boost from TerraVest Industries's previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 31st. TerraVest Industries's dividend payout ratio (DPR) is presently 17.70%.

About TerraVest Industries

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.