Analysts Set TerraVest Industries Inc. (TSE:TVK) Price Target at C$137.20

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$137.20.

Several brokerages have issued reports on TVK. Scotiabank increased their price target on TerraVest Industries from C$140.00 to C$141.00 in a report on Thursday, April 10th. Desjardins raised their price objective on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. National Bankshares increased their target price on TerraVest Industries from C$126.00 to C$134.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 18th. Finally, Canaccord Genuity Group raised their target price on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th.

TerraVest Industries Trading Down 1.6 %

Shares of TSE:TVK traded down C$2.23 during midday trading on Friday, reaching C$135.39. The company's stock had a trading volume of 8,299 shares, compared to its average volume of 106,463. The firm has a 50 day moving average price of C$126.71 and a two-hundred day moving average price of C$118.88. TerraVest Industries has a fifty-two week low of C$67.66 and a fifty-two week high of C$152.07. The firm has a market capitalization of C$2.66 billion, a price-to-earnings ratio of 39.94 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were issued a $0.175 dividend. The ex-dividend date was Monday, March 31st. This is a boost from TerraVest Industries's previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 0.52%. TerraVest Industries's payout ratio is 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.