Terex Co. (NYSE:TEX) Receives $59.56 Consensus PT from Analysts

Shares of Terex Co. (NYSE:TEX) have been given an average recommendation of “Hold” by the ten research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $59.56.

Several research analysts have recently issued reports on TEX shares. Citigroup decreased their price target on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. The Goldman Sachs Group decreased their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Evercore ISI decreased their price objective on shares of Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. lowered their price objective on shares of Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Finally, Robert W. Baird lowered their price target on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st.

Terex Stock Up 1.9 %

Terex stock opened at $52.57 on Tuesday. 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 has a one year low of $48.11 and a one year high of $68.08. The company has a 50-day simple moving average of $53.19 and a 200-day simple moving average of $55.70. The firm has a market capitalization of $3.51 billion, a P/E ratio of 7.67, a P/E/G ratio of 4.30 and a beta of 1.53.

Terex (NYSE:TEX) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. The firm 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%. Terex’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.75 EPS. As a group, equities analysts expect that Terex will post 6.07 earnings per share for the current year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, November 8th. Terex’s dividend payout ratio is 9.93%.

Institutional Trading of Terex

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Terex by 57.5% during the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 187 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 335 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Terex in the third quarter valued at $41,000. Farther Finance Advisors LLC boosted its position in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after buying an additional 504 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Terex during the second quarter valued at $109,000. 92.88% of the stock is 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.