Terex Co. (NYSE:TEX) Given Average Recommendation of “Hold” by Analysts

Terex Co. (NYSE:TEXGet Free Report) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $56.63.

Several brokerages have recently issued reports on TEX. Robert W. Baird decreased their price target on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Citigroup lowered their price target on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial cut their price objective on Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th.

Get Our Latest Report on TEX

Terex Price Performance

TEX opened at $48.84 on Friday. The company has a fifty day moving average price of $48.96 and a two-hundred day moving average price of $52.77. The firm has a market capitalization of $3.26 billion, a PE ratio of 7.13, a P/E/G ratio of 4.49 and a beta of 1.55. Terex has a 52 week low of $43.50 and a 52 week high of $68.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39.

Terex (NYSE:TEXGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. Terex had a return on equity of 24.92% and a net margin of 9.08%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm earned $1.75 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, analysts anticipate that Terex will post 6.08 earnings per share for the current year.

Insider Activity

In other Terex news, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Sachs bought 20,000 shares of Terex stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $49.75 per share, for a total transaction of $995,000.00. Following the acquisition, the director now owns 137,500 shares in the company, valued at approximately $6,840,625. This represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Chartwell Investment Partners LLC bought a new stake in Terex in the third quarter valued at approximately $559,000. GSA Capital Partners LLP bought a new position in shares of Terex in the 3rd quarter worth about $615,000. Barclays PLC lifted its stake in shares of Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after purchasing an additional 37,072 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Terex during the 3rd quarter valued at about $4,283,000. Finally, Citigroup Inc. grew its stake in Terex by 65.6% during the third quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company’s stock worth $3,727,000 after purchasing an additional 27,896 shares during the period. Institutional investors own 92.88% of the company’s stock.

About Terex

(Get Free Report

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.

Recommended Stories

Analyst Recommendations for Terex (NYSE:TEX)

Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.