TerraVest Industries Inc. (TSE:TVK) Receives C$166.40 Average PT from Analysts

TerraVest Industries Inc. (TSE:TVK) has been given a consensus rating of “Buy” by the six brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$166.40.

A number of equities research analysts have recently weighed in on the company. Scotiabank raised their price target on TerraVest Industries from C$171.00 to C$176.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Desjardins raised TerraVest Industries to a “moderate buy” rating and raised their price target for the stock from C$172.00 to C$175.00 in a research note on Thursday, May 22nd. National Bank Financial raised TerraVest Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 2nd. BMO Capital Markets raised TerraVest Industries to a “hold” rating in a research note on Tuesday, May 27th. Finally, National Bankshares raised TerraVest Industries from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$134.00 to C$190.00 in a report on Friday, May 2nd.

Insider Transactions at TerraVest Industries

In related news, Director Charles Pellerin sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$165.10, for a total transaction of C$2,311,400.00. Also, Director Dustin Haw sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, May 26th. The stock was sold at an average price of C$163.35, for a total value of C$9,801,000.00. In the last quarter, insiders have sold 100,000 shares of company stock valued at $16,559,180. 29.81% of the stock is owned by corporate insiders.

TerraVest Industries Stock Up 0.7%

Shares of TerraVest Industries stock opened at C$171.25 on Friday. TerraVest Industries has a 1 year low of C$67.66 and a 1 year high of C$176.64. The stock has a 50-day moving average price of C$150.87 and a 200 day moving average price of C$131.78. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. The company has a market cap of C$3.36 billion, a P/E ratio of 50.52 and a beta of 0.66.

TerraVest Industries Increases Dividend

The company also recently disclosed 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 represents a $0.70 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s dividend payout ratio (DPR) is presently 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.