TerraVest Industries (TSE:TVK) Given a C$91.00 Price Target by Canaccord Genuity Group Analysts

Canaccord Genuity Group set a C$91.00 target price on TerraVest Industries (TSE:TVKFree Report) in a report issued on Monday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

TerraVest Industries Price Performance

Shares of TSE:TVK opened at C$75.44 on Monday. The company has a market capitalization of C$1.47 billion, a PE ratio of 23.11 and a beta of 0.64. The company has a debt-to-equity ratio of 128.21, a quick ratio of 0.91 and a current ratio of 2.34. The stock has a fifty day moving average of C$73.47 and a 200-day moving average of C$57.22. TerraVest Industries has a one year low of C$26.76 and a one year high of C$82.93.

TerraVest Industries (TSE:TVKGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported C$1.19 EPS for the quarter. TerraVest Industries had a return on equity of 28.07% and a net margin of 7.95%. The business had revenue of C$214.94 million during the quarter. As a group, equities analysts anticipate that TerraVest Industries will post 0.78 EPS for the current fiscal year.

TerraVest Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Sunday, June 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, June 28th. TerraVest Industries’s dividend payout ratio (DPR) is currently 18.18%.

Insider Activity

In related news, Senior Officer Mitchell Jordan Gilbert sold 52,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$78.50, for a total value of C$4,082,000.00. In related news, Senior Officer Mitchell Jordan Gilbert sold 52,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$78.50, for a total transaction of C$4,082,000.00. Also, Director Dustin Haw sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of C$75.73, for a total transaction of C$1,135,950.00. Insiders have sold 156,000 shares of company stock worth $11,827,200 over the last 90 days. 30.22% of the stock is owned by company insiders.

About TerraVest Industries

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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.

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