TerraVest Industries Inc. (TSE:TVK) Given Average Rating of “Buy” by Analysts

Shares of TerraVest Industries Inc. (TSE:TVK) have received an average recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$158.80.

A number of equities analysts have commented on TVK shares. Scotiabank lifted their price objective on shares of TerraVest Industries from C$141.00 to C$171.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Canaccord Genuity Group lifted their price objective on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. National Bankshares raised shares of TerraVest Industries from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$134.00 to C$190.00 in a report on Friday, May 2nd. National Bank Financial raised shares of TerraVest Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, May 2nd. Finally, Desjardins lifted their price objective on shares of TerraVest Industries from C$150.00 to C$172.00 and gave the stock a “buy” rating in a report on Monday, May 5th.

TerraVest Industries Stock Up 0.4%

TVK stock opened at C$167.47 on Wednesday. The company has a market capitalization of C$3.29 billion, a P/E ratio of 49.41 and a beta of 0.66. The firm has a 50 day simple moving average of C$137.11 and a 200-day simple moving average of C$124.93. 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 has a twelve month low of C$67.66 and a twelve month high of C$170.83.

TerraVest Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were issued a dividend of $0.175 per share. This is an increase from TerraVest Industries’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 31st. This represents a $0.70 annualized dividend and a dividend yield of 0.42%. TerraVest Industries’s payout ratio is 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.