TerraVest Industries Inc. (TSE:TVK - Get Free Report) reached a new 52-week high on Friday . The company traded as high as C$154.99 and last traded at C$153.00, with a volume of 27694 shares. The stock had previously closed at C$147.66.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. National Bankshares raised shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$134.00 to C$190.00 in a research report on Friday, May 2nd. Desjardins increased their price target 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. National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Scotiabank increased their target price on TerraVest Industries from C$141.00 to C$171.00 and gave the stock an "outperform" rating in a report on Monday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, TerraVest Industries currently has a consensus rating of "Buy" and a consensus target price of C$158.80.
Check Out Our Latest Research Report on TerraVest Industries
TerraVest Industries Stock Performance
The company has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 48.33 and a beta of 0.66. The stock has a 50 day simple moving average of C$134.63 and a 200 day simple moving average of C$123.84. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38.
TerraVest Industries Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were paid a dividend of $0.175 per share. This is an increase from TerraVest Industries's previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Monday, March 31st. TerraVest Industries's dividend payout ratio is presently 17.70%.
TerraVest Industries Company Profile
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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.
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