TerraVest Industries (TSE:TVK) Price Target Raised to C$150.00 at Desjardins

TerraVest Industries (TSE:TVK) had its price objective hoisted by Desjardins from C$125.00 to C$150.00 in a research note released on Tuesday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other analysts also recently issued reports on TVK. National Bankshares boosted 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 report on Tuesday. Scotiabank boosted their price target on TerraVest Industries from C$125.00 to C$126.00 in a research note on Tuesday, February 18th. Finally, 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$137.00.

TerraVest Industries Stock Up 4.7 %

TVK stock opened at C$137.16 on Tuesday. TerraVest Industries has a fifty-two week low of C$55.73 and a fifty-two week high of C$144.99. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The stock has a market capitalization of C$2.69 billion, a price-to-earnings ratio of 40.47 and a beta of 0.66. The business’s fifty day moving average price is C$121.60 and its two-hundred day moving average price is C$112.45.

TerraVest Industries Increases Dividend

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