TerraVest Industries Inc. (TSE:TVK - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$157.38 and traded as high as C$170.02. TerraVest Industries shares last traded at C$168.93, with a volume of 35,582 shares trading hands.
Wall Street Analyst Weigh In
Several equities research analysts have commented on TVK shares. Canaccord Genuity Group boosted their target price on TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. BMO Capital Markets raised TerraVest Industries to a "hold" rating in a report on Tuesday, May 27th. National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Desjardins raised TerraVest Industries to a "moderate buy" rating and boosted their target price for the stock from C$172.00 to C$175.00 in a report on Thursday, May 22nd. Finally, Scotiabank boosted their target price on TerraVest Industries from C$171.00 to C$176.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, TerraVest Industries has a consensus rating of "Buy" and an average target price of C$185.25.
Get Our Latest Stock Analysis on TVK
TerraVest Industries Stock Down 2.4%
The company has a 50 day moving average price of C$159.77 and a two-hundred day moving average price of C$136.31. 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 stock has a market cap of C$3.31 billion, a PE ratio of 49.73 and a beta of 0.66.
TerraVest Industries Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were paid a $0.175 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.70 annualized dividend and a dividend yield of 0.42%. This is a boost from TerraVest Industries's previous quarterly dividend of $0.15. TerraVest Industries's payout ratio is currently 17.70%.
Insider Transactions at TerraVest Industries
In related news, Director Charles Pellerin sold 14,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$165.10, for a total transaction of C$2,311,400.00. Also, Director Dustin Haw sold 60,000 shares of the company's stock in a transaction on Monday, May 26th. The shares were sold at an average price of C$163.35, for a total value of C$9,801,000.00. Insiders sold 100,000 shares of company stock worth $16,559,180 over the last quarter. 29.81% of the stock is currently owned by insiders.
About TerraVest Industries
(
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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.
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