Truist Financial Increases Terex (NYSE:TEX) Price Target to $65.00

Terex (NYSE:TEX) had its price objective increased by stock analysts at Truist Financial from $62.00 to $65.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price target would indicate a potential upside of 24.24% from the company’s current price.

A number of other brokerages also recently issued reports on TEX. Robert W. Baird decreased their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Jefferies Financial Group lowered their price target on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Citigroup reduced their target price on shares of Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd. JPMorgan Chase & Co. dropped their price target on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Finally, The Goldman Sachs Group reduced their price objective on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.56.

Terex Trading Up 2.1 %

TEX stock opened at $52.32 on Monday. The firm has a fifty day moving average price of $53.19 and a 200 day moving average price of $55.96. Terex has a fifty-two week low of $46.94 and a fifty-two week high of $68.08. The firm has a market cap of $3.49 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 4.25 and a beta of 1.53. 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:TEX) last issued 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. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. Sell-side analysts anticipate that Terex will post 5.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after buying an additional 187 shares during the period. GAMMA Investing LLC lifted its position in shares of Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 335 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Terex by 74.6% during the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 504 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Terex during the second quarter valued at approximately $109,000. Finally, 1620 Investment Advisors Inc. bought a new position in Terex in the second quarter worth approximately $111,000. 92.88% of the stock is currently 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.