TerraVest Industries (TSE:TVK) Given New C$134.00 Price Target at National Bankshares

TerraVest Industries (TSE:TVK) had its target price boosted by National Bankshares from C$126.00 to C$134.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other research analysts have also commented on the company. Scotiabank lifted their target price on TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. National Bank Financial downgraded TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$137.00.

TerraVest Industries Price Performance

TVK stock opened at C$144.99 on Tuesday. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. TerraVest Industries has a 1 year low of C$55.98 and a 1 year high of C$146.39. The firm has a market cap of C$2.85 billion, a P/E ratio of 42.78 and a beta of 0.66. The stock has a 50-day simple moving average of C$122.77 and a 200-day simple moving average of C$112.99.

TerraVest Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th will be 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 is Monday, March 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.48%. TerraVest Industries’s 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.