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

Shares of TerraVest Industries Inc. (TSE:TVK) have received an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$166.40.

Several research analysts recently weighed in on TVK shares. Desjardins upgraded shares of TerraVest Industries to a “moderate buy” rating and boosted their price objective for the stock from C$172.00 to C$175.00 in a research report on Thursday, May 22nd. BMO Capital Markets upgraded TerraVest Industries to a “hold” rating in a research report on Tuesday, May 27th. Canaccord Genuity Group boosted their price objective on TerraVest Industries from C$170.00 to C$200.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. National Bank Financial raised TerraVest Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, May 2nd. Finally, Scotiabank boosted their price objective on TerraVest Industries from C$171.00 to C$176.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd.

Insider Activity

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

TerraVest Industries Stock Performance

TVK stock opened at C$166.32 on Friday. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The company has a 50 day moving average price of C$152.44 and a 200 day moving average price of C$132.66. TerraVest Industries has a fifty-two week low of C$67.66 and a fifty-two week high of C$176.64. The stock has a market capitalization of C$3.27 billion, a PE ratio of 49.07 and a beta of 0.66.

TerraVest Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from TerraVest Industries’s previous quarterly dividend of $0.15. 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.