Terex (NYSE:TEX) Price Target Lowered to $48.00 at JPMorgan Chase & Co.

Terex (NYSE:TEX) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $51.00 to $48.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 21.21% from the stock’s previous close.

Several other equities research analysts have also recently commented on TEX. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Barclays lowered their target price on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Citigroup dropped their price objective on Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday. Evercore ISI cut their price target on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Truist Financial decreased their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $54.22.

Terex Stock Performance

Shares of Terex stock opened at $39.60 on Tuesday. The firm has a fifty day moving average of $44.31 and a two-hundred day moving average of $49.12. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 4.53 and a beta of 1.56. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. Terex has a 52 week low of $36.15 and a 52 week high of $68.08.

Terex (NYSE:TEX) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $1.88 earnings per share. As a group, equities research analysts predict that Terex will post 4.83 EPS for the current year.

Insiders Place Their Bets

In other news, Director Andra Rush acquired 1,325 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, for a total transaction 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. This trade represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

Several large investors have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Terex by 17.0% during the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock worth $405,917,000 after buying an additional 1,272,920 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Terex by 94.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company’s stock valued at $99,404,000 after buying an additional 1,046,600 shares during the last quarter. First Trust Advisors LP boosted its position in Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock worth $89,247,000 after buying an additional 582,819 shares during the period. Fisher Asset Management LLC grew its holdings in Terex by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company’s stock worth $87,385,000 after acquiring an additional 41,685 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Terex by 8.4% in the 4th quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company’s stock valued at $80,479,000 after acquiring an additional 135,286 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

About Terex

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.