TerraVest Industries (TSE:TVK) Price Target Raised to C$170.00

TerraVest Industries (TSE:TVK) had its price target upped by Canaccord Genuity Group from C$132.00 to C$170.00 in a report issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on the stock. Desjardins raised their price target on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a report on Tuesday. National Bankshares raised their price target on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a report on Tuesday. Scotiabank raised their price target on shares of TerraVest Industries from C$125.00 to C$126.00 in a report on Tuesday, February 18th. Finally, National Bank Financial cut shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$137.00.

TerraVest Industries Trading Up 2.9 %

TSE TVK opened at C$144.99 on Tuesday. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The company has a market capitalization of C$2.85 billion, a price-to-earnings ratio of 42.78 and a beta of 0.66. The company’s 50-day simple moving average is C$122.77 and its two-hundred day simple moving average is C$112.99. TerraVest Industries has a one year low of C$55.98 and a one year high of C$146.39.

TerraVest Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.48%. This is a positive change from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date is 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.