Terex Co. (NYSE:TEX) Receives $46.40 Consensus Target Price from Analysts

Shares of Terex Co. (NYSE:TEX) have received a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $46.40.

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Terex from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upped their target price on Terex from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley lowered their price target on Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group decreased their price objective on shares of Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Finally, StockNews.com upgraded shares of Terex from a “sell” rating to a “hold” rating in a research note on Monday.

Terex Stock Up 4.6 %

Shares of NYSE TEX opened at $40.76 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The firm has a 50-day simple moving average of $37.42 and a two-hundred day simple moving average of $44.90. Terex has a 1 year low of $31.53 and a 1 year high of $68.08. The company has a market cap of $2.70 billion, a P/E ratio of 8.22, a PEG ratio of 4.53 and a beta of 1.52.

Terex (NYSE:TEX) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Terex’s revenue was down 4.9% compared to the same quarter last year. Research analysts anticipate that Terex will post 4.83 earnings per share for the current year.

Insider Activity at Terex

In other Terex news, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction of $219,601.75. Following the transaction, the insider now directly owns 38,755 shares of the company’s stock, valued at $1,579,266.25. The trade was a 12.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andra Rush acquired 1,325 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. The trade was a 6.03 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Terex

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jefferies Financial Group Inc. purchased a new stake in shares of Terex in the 1st quarter valued at $214,000. Natixis Advisors LLC purchased a new position in Terex in the first quarter valued at $451,000. Vestcor Inc raised its stake in Terex by 18.1% in the first quarter. Vestcor Inc now owns 17,308 shares of the industrial products company’s stock valued at $654,000 after buying an additional 2,658 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Terex in the first quarter valued at approximately $892,000. Finally, Cozad Asset Management Inc. boosted its holdings in shares of Terex by 12.0% in the 1st quarter. Cozad Asset Management Inc. now owns 30,220 shares of the industrial products company’s stock valued at $1,142,000 after buying an additional 3,243 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.