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

TerraVest Industries (TSE:TVK) had its target price raised by Desjardins from C$125.00 to C$150.00 in a report published on Tuesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

TVK has been the subject of several other reports. National Bank Financial downgraded shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. National Bankshares raised their price objective on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Scotiabank raised their price objective on shares of TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$137.00.

TerraVest Industries Stock Up 2.9 %

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

TerraVest Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, April 10th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.70 annualized dividend and a yield of 0.48%. This is a positive change from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s payout ratio is presently 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.