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

Shares of TerraVest Industries Inc. (TSE:TVK) have earned an average rating of “Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$185.25.

TVK has been the subject of several research reports. Scotiabank lifted their price target on TerraVest Industries from C$171.00 to C$176.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. BMO Capital Markets upgraded TerraVest Industries to a “hold” rating in a report on Tuesday, May 27th. National Bankshares upgraded TerraVest Industries from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$134.00 to C$190.00 in a report on Friday, May 2nd. National Bank Financial raised TerraVest Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Finally, Desjardins raised TerraVest Industries to a “moderate buy” rating and raised their price objective for the company from C$172.00 to C$175.00 in a research note on Thursday, May 22nd.

TerraVest Industries Trading Down 2.2%

Shares of TSE TVK opened at C$168.60 on Thursday. TerraVest Industries has a one year low of C$69.71 and a one year high of C$176.64. The firm has a market capitalization of C$3.31 billion, a PE ratio of 49.74 and a beta of 0.66. 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 business has a 50-day moving average price of C$161.75 and a two-hundred day moving average price of C$137.25.

TerraVest Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were given a $0.175 dividend. This is an increase from TerraVest Industries’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 0.42%. The ex-dividend date was Monday, March 31st. TerraVest Industries’s payout ratio is currently 17.70%.

Insider Transactions at TerraVest Industries

In related news, Director Pierre Fournier sold 2,000 shares of the business’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$169.93, for a total value of C$339,860.00. Also, Director Charles Pellerin sold 14,000 shares of the business’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. In the last quarter, insiders have sold 102,000 shares of company stock valued at $16,899,040. 29.81% of the stock is owned by corporate insiders.

About TerraVest Industries

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company’s operating segments are Fuel Containment, Processing Equipment, and Service.