Terex (NYSE:TEX) Price Target Lowered to $45.00 at Citigroup

Terex (NYSE:TEX) had its price target decreased by stock analysts at Citigroup from $48.00 to $45.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s target price points to a potential upside of 13.45% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Truist Financial dropped their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Barclays dropped their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Evercore ISI dropped their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.33.

Terex Trading Up 0.1 %

NYSE:TEX opened at $39.67 on Monday. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 4.53 and a beta of 1.56. The firm has a fifty day simple moving average of $44.41 and a two-hundred day simple moving average of $49.18. Terex has a 12 month low of $36.15 and a 12 month high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period in the previous year, the business earned $1.88 earnings per share. Analysts expect that Terex will post 4.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other Terex news, Director Andra Rush bought 1,325 shares of Terex stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the purchase, the director now directly owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

Several large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Terex in the fourth quarter worth about $59,179,000. Mackenzie Financial Corp grew its stake in Terex by 124.9% in the 4th quarter. Mackenzie Financial Corp now owns 9,897 shares of the industrial products company’s stock worth $457,000 after buying an additional 5,497 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Terex in the 4th quarter worth approximately $29,000. Vise Technologies Inc. grew its stake in Terex by 11.1% in the 4th quarter. Vise Technologies Inc. now owns 5,373 shares of the industrial products company’s stock worth $248,000 after buying an additional 538 shares in the last quarter. Finally, CSS LLC IL lifted its holdings in shares of Terex by 49.5% in the 4th quarter. CSS LLC IL now owns 27,077 shares of the industrial products company’s stock worth $1,251,000 after acquiring an additional 8,970 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.