TerraVest Industries (TSE:TVK) Price Target Raised to C$140.00 at Scotiabank

TerraVest Industries (TSE:TVKFree Report) had its price objective hoisted by Scotiabank from C$126.00 to C$140.00 in a report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms also recently commented on TVK. National Bank Financial downgraded TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Desjardins increased their price objective on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a research report on Tuesday. National Bankshares lifted their price objective on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, Canaccord Genuity Group upped their target price on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$137.00.

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TerraVest Industries Price Performance

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

TerraVest Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. This is an increase from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s dividend payout ratio is currently 17.70%.

TerraVest Industries Company Profile

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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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