TerraVest Industries Inc. (TSE:TVK) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• TerraVest Industries Inc. has received a consensus rating of "Moderate Buy" from seven analysts, with a 12-month price target averaging C$181.00.
• The company recently announced a quarterly dividend of $0.175, resulting in an annualized dividend yield of 0.5% and a payout ratio of 17.35%.
• Shares of TerraVest Industries opened at C$144.77 with a 12-month trading range between C$94.26 and C$176.64.

TerraVest Industries Inc. (TSE:TVK - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$181.00.

Several research firms have weighed in on TVK. National Bankshares dropped their target price on shares of TerraVest Industries from C$200.00 to C$185.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Scotiabank reduced their price target on shares of 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, August 15th. Desjardins dropped their price objective on shares of TerraVest Industries from C$185.00 to C$175.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Canaccord Genuity Group boosted 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. Finally, BMO Capital Markets lowered their target price on shares of TerraVest Industries from C$180.00 to C$175.00 in a research note on Friday, August 15th.

TerraVest Industries Stock Performance

Shares of TVK stock traded down C$2.18 during mid-day trading on Tuesday, hitting C$137.61. The stock had a trading volume of 32,078 shares, compared to its average volume of 88,563. TerraVest Industries has a fifty-two week low of C$94.48 and a fifty-two week high of C$176.64. The firm has a market cap of C$2.98 billion, a PE ratio of 35.38 and a beta of 0.61. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The company's 50-day simple moving average is C$154.75 and its 200-day simple moving average is C$151.36.

TerraVest Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, July 10th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.70 annualized dividend and a yield of 0.5%. TerraVest Industries's dividend payout ratio is presently 17.35%.

Insiders Place Their Bets

In other TerraVest Industries news, Director Pierre Fournier sold 2,000 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of C$165.75, for a total value of C$331,504.00. 29.81% of the stock is owned by insiders.

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.