Canaccord Genuity Group Issues Positive Forecast for TerraVest Industries (TSE:TVK) Stock Price

TerraVest Industries (TSE:TVK) had its target price upped by Canaccord Genuity Group from C$132.00 to C$170.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

TVK has been the subject of a number of other reports. National Bank Financial downgraded TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. National Bankshares boosted 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 note on Tuesday. Scotiabank upped their price objective on shares of TerraVest Industries from C$125.00 to C$126.00 in a report on Tuesday, February 18th. Finally, Desjardins lifted their target price on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$137.00.

TerraVest Industries Trading Up 4.7 %

Shares of TVK stock opened at C$137.16 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The firm has a market cap of C$2.69 billion, a P/E ratio of 40.47 and a beta of 0.66. The company has a 50 day moving average of C$121.60 and a 200-day moving average of C$112.45. TerraVest Industries has a 12-month low of C$55.73 and a 12-month high of C$144.99.

TerraVest Industries Increases Dividend

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