The Goldman Sachs Group Issues Pessimistic Forecast for Terex (NYSE:TEX) Stock Price

Terex (NYSE:TEX) had its target price lowered by analysts at The Goldman Sachs Group from $60.00 to $52.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 33.11% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Barclays reduced their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Truist Financial reduced their target price on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. reduced their target price on shares of Terex from $51.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday. StockNews.com downgraded shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Citigroup reduced their target price on shares of Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $54.22.

Terex Trading Down 1.4 %

Shares of TEX stock opened at $39.07 on Wednesday. Terex has a 52-week low of $36.15 and a 52-week high of $68.08. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The company has a 50-day simple moving average of $44.19 and a two-hundred day simple moving average of $49.05. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (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 prior year, the business posted $1.88 earnings per share. Research analysts anticipate that Terex will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Andra Rush bought 1,325 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the purchase, the director now directly owns 23,308 shares of the company’s stock, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Institutional Trading of Terex

Institutional investors and hedge funds have recently bought and sold shares of the company. Cascade Investment Advisors Inc. purchased a new stake in Terex in the 4th quarter worth approximately $1,070,000. Barclays PLC lifted its stake in Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock worth $6,838,000 after purchasing an additional 37,072 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Terex in the 3rd quarter worth approximately $4,283,000. Citigroup Inc. lifted its stake in Terex by 65.6% in the 3rd 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 in the last quarter. Finally, Cerity Partners LLC raised its position in shares of Terex by 331.8% during the 3rd quarter. Cerity Partners LLC now owns 24,725 shares of the industrial products company’s stock valued at $1,308,000 after buying an additional 18,999 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

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.