TerraVest Industries (TSE:TVK) Share Price Passes Above Fifty Day Moving Average - What's Next?

TerraVest Industries Inc. (TSE:TVK - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$129.91 and traded as high as C$146.14. TerraVest Industries shares last traded at C$144.90, with a volume of 33,022 shares trading hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. National Bankshares raised shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$134.00 to C$190.00 in a research note on Friday. Scotiabank raised their target price on TerraVest Industries from C$140.00 to C$141.00 in a research note on Thursday, April 10th. Desjardins upped their price target on TerraVest Industries from C$125.00 to C$150.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Finally, Canaccord Genuity Group raised 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$148.40.

TerraVest Industries Stock Up 9.5 %

The business has a 50 day simple moving average of C$131.90 and a 200 day simple moving average of C$122.41. The company has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 47.69 and a beta of 0.66. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91.

TerraVest Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.43%. 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 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.