TerraVest Industries (TSE:TVK) Stock Price Passes Above 50-Day Moving Average - What's Next?

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$140.86 and traded as high as C$173.49. TerraVest Industries shares last traded at C$170.42, with a volume of 151,004 shares.

Analyst Ratings Changes

TVK has been the subject of several research reports. Canaccord Genuity Group lifted 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. Desjardins lifted their price objective on TerraVest Industries from C$150.00 to C$172.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Scotiabank lifted their price objective on TerraVest Industries from C$141.00 to C$171.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, National Bankshares raised TerraVest Industries from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$134.00 to C$190.00 in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$158.80.

TerraVest Industries Stock Performance

The company has a market capitalization of C$3.35 billion, a price-to-earnings ratio of 50.28 and a beta of 0.66. The stock has a fifty day moving average price of C$140.86 and a two-hundred day moving average price of C$126.18. 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 declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.41%. 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 payout ratio 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.

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