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

TerraVest Industries (TSE:TVKFree Report) 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.

Read Our Latest Analysis on TVK

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

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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.

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Analyst Recommendations for TerraVest Industries (TSE:TVK)

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