TerraVest Industries (TSE:TVK) Sets New 1-Year High – Here’s Why

TerraVest Industries Inc. (TSE:TVK) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$150.27 and last traded at C$150.26, with a volume of 11164 shares. The stock had previously closed at C$148.21.

Analysts Set New Price Targets

TVK has been the topic of a number of research analyst reports. Desjardins upped their target price on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. National Bank Financial lowered TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Canaccord Genuity Group upped their target price on TerraVest Industries from C$132.00 to C$170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Scotiabank increased their price objective on TerraVest Industries from C$126.00 to C$140.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Finally, National Bankshares increased their price objective on TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$137.00.

TerraVest Industries Price Performance

The company has a market capitalization of C$2.97 billion, a PE ratio of 44.68 and a beta of 0.66. The firm has a fifty day moving average of C$123.43 and a two-hundred day moving average of C$113.49. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38.

TerraVest Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.70 annualized dividend and a yield of 0.46%. This is a boost 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.