TerraVest Industries (TSE:TVK) Price Target Raised to C$134.00 at National Bankshares

TerraVest Industries (TSE:TVK) had its price target raised by National Bankshares from C$126.00 to C$134.00 in a research note published on Tuesday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

TVK has been the topic of several other reports. Scotiabank boosted their target price on TerraVest Industries from C$125.00 to C$126.00 in a report on Tuesday, February 18th. National Bank Financial lowered TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TerraVest Industries has a consensus rating of “Moderate Buy” and an average target price of C$137.00.

TerraVest Industries Stock Up 4.7 %

TVK opened at C$137.16 on Tuesday. TerraVest Industries has a twelve month low of C$55.73 and a twelve month high of C$144.99. The firm has a market cap of C$2.69 billion, a price-to-earnings ratio of 40.47 and a beta of 0.66. The firm’s 50-day simple moving average is C$121.60 and its 200-day simple moving average is C$112.45. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44.

TerraVest Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, April 10th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.51%. The ex-dividend date is Monday, March 31st. This is a boost from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s payout ratio 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.