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

TerraVest Industries (TSE:TVK) 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.

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

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.