TerraVest Industries Inc. (TSE:TVK) Receives C$181.00 Consensus PT from Brokerages

TerraVest Industries Inc. (TSE:TVK) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$181.00.

A number of analysts have commented on TVK shares. CIBC set a C$175.00 price target on shares of TerraVest Industries and gave the company a “neutral” rating in a research report on Wednesday, August 13th. National Bankshares cut their price target on shares of TerraVest Industries from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Scotiabank dropped their price objective on shares of TerraVest Industries from C$180.00 to C$176.00 and set a “sector perform” rating on the stock in a report on Friday, August 15th. BMO Capital Markets dropped their price objective on shares of TerraVest Industries from C$180.00 to C$175.00 in a report on Friday, August 15th. Finally, Desjardins dropped their price objective on shares of TerraVest Industries from C$185.00 to C$175.00 and set a “buy” rating on the stock in a report on Friday, August 15th.

Insider Buying and Selling at TerraVest Industries

In other news, Director Pierre Fournier sold 2,000 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of C$165.75, for a total transaction of C$331,504.00. Corporate insiders own 29.81% of the company’s stock.

TerraVest Industries Stock Performance

Shares of TerraVest Industries stock opened at C$139.79 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The stock has a market cap of C$3.03 billion, a price-to-earnings ratio of 35.94 and a beta of 0.61. The company’s fifty day moving average is C$155.38 and its 200 day moving average is C$150.80. TerraVest Industries has a twelve month low of C$94.48 and a twelve month high of C$176.64.

TerraVest Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, June 30th. This represents a $0.70 annualized dividend and a dividend yield of 0.5%. TerraVest Industries’s dividend payout ratio is currently 17.35%.

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.