TerraVest Industries (TSE:TVK) Hits New 1-Year High – Still a Buy?

TerraVest Industries Inc. (TSE:TVK) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$150.27 and last traded at C$150.26, with a volume of 11164 shares. The stock had previously closed at C$148.21.

Analysts Set New Price Targets

Several analysts have commented on TVK shares. National Bankshares upped their price objective on TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 18th. Scotiabank upped their price target on TerraVest Industries from C$126.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Canaccord Genuity Group lifted their price objective on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Finally, Desjardins upped their price objective on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$137.00.

TerraVest Industries Stock Down 2.1 %

The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The firm has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 43.24 and a beta of 0.66. The firm has a fifty day moving average price of C$124.65 and a 200 day moving average price of C$114.22.

TerraVest Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.70 dividend on an annualized basis and a yield of 0.48%. This is an increase from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s dividend payout ratio (DPR) is 17.70%.

TerraVest Industries Company Profile

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.