TerraVest Industries (TSE:TVK) Stock Price Up 17.3% – Should You Buy?

TerraVest Industries Inc. (TSE:TVK)’s share price rose 17.3% on Monday . The company traded as high as C$128.00 and last traded at C$127.52. Approximately 108,954 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 98,697 shares. The stock had previously closed at C$108.71.

Analyst Ratings Changes

TVK has been the subject of a number of analyst reports. Scotiabank boosted their price objective on shares of TerraVest Industries from C$126.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Tuesday. National Bank Financial cut shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Canaccord Genuity Group boosted their price objective on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the stock a “buy” rating in a research note on Tuesday. National Bankshares boosted their price objective on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, Desjardins boosted 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 note on Tuesday. Two equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of C$137.00.

TerraVest Industries Trading Up 4.7 %

The stock has a market capitalization of C$2.69 billion, a price-to-earnings ratio of 40.47 and a beta of 0.66. The company’s 50 day moving average is C$121.60 and its 200 day moving average is C$112.45. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, April 10th will be paid a dividend of $0.175 per share. This is a boost from TerraVest Industries’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 0.51%. The ex-dividend date is Monday, March 31st. TerraVest Industries’s dividend payout ratio is presently 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.