TerraVest Industries (TSE:TVK) Stock Price Expected to Rise, Scotiabank Analyst Says

TerraVest Industries (TSE:TVK - Free Report) had its target price lifted by Scotiabank from C$141.00 to C$171.00 in a report released on Monday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

TVK has been the subject of several other reports. Canaccord Genuity Group increased their price objective on TerraVest Industries from C$132.00 to C$170.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. National Bankshares upgraded TerraVest Industries from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$134.00 to C$190.00 in a report on Friday, May 2nd. Finally, Desjardins increased their price objective on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$158.80.

TerraVest Industries Stock Up 0.4 %

TVK traded up C$0.61 on Monday, reaching C$167.47. 73,195 shares of the company traded hands, compared to its average volume of 102,092. TerraVest Industries has a 52-week low of C$67.66 and a 52-week high of C$170.83. 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 has a market cap of C$3.29 billion, a price-to-earnings ratio of 49.41 and a beta of 0.66. The stock's 50 day moving average price is C$137.11 and its 200-day moving average price is C$124.76.

TerraVest Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from TerraVest Industries's previous quarterly dividend of $0.15. TerraVest Industries's dividend payout ratio (DPR) 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.