National Bankshares Cuts TerraVest Industries (TSE:TVK) Price Target to C$200.00

TerraVest Industries (TSE:TVK) had its price objective cut by National Bankshares from C$205.00 to C$200.00 in a report published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts also recently weighed in on the company. BMO Capital Markets upgraded TerraVest Industries to a “hold” rating in a research note on Tuesday, May 27th. Scotiabank upped their price objective on shares of TerraVest Industries from C$171.00 to C$176.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Desjardins upgraded shares of TerraVest Industries to a “moderate buy” rating and lifted their target price for the stock from C$172.00 to C$175.00 in a research note on Thursday, May 22nd. National Bank Financial raised shares of TerraVest Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 2nd. Finally, Canaccord Genuity Group upped their price target on shares of TerraVest Industries from C$170.00 to C$200.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$187.75.

TerraVest Industries Stock Performance

TVK stock opened at C$158.46 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 firm has a market cap of C$3.11 billion, a PE ratio of 46.75 and a beta of 0.66. The business has a 50 day moving average of C$167.41 and a 200-day moving average of C$147.78. TerraVest Industries has a 12-month low of C$73.01 and a 12-month high of C$176.64.

TerraVest Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors 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 yield of 0.4%. TerraVest Industries’s dividend payout ratio is currently 17.70%.

Insider Buying and Selling at TerraVest Industries

In other TerraVest Industries news, Director Charles Pellerin sold 14,000 shares of the firm’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. Also, 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. Over the last 90 days, insiders sold 104,000 shares of company stock worth $17,230,544. 29.81% of the stock is currently owned by 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.