Brokerages Set Terex Co. (NYSE:TEX) Price Target at $56.63

Shares of Terex Co. (NYSE:TEX) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $56.63.

Several equities analysts have recently commented on the stock. Truist Financial dropped 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. Robert W. Baird dropped their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Citigroup dropped their target price on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th.

Terex Stock Performance

NYSE TEX opened at $48.96 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.27 billion, a P/E ratio of 7.15, a P/E/G ratio of 4.49 and a beta of 1.55. Terex has a 12-month low of $43.50 and a 12-month high of $68.08. The firm has a 50-day moving average price of $48.63 and a two-hundred day moving average price of $52.62.

Terex (NYSE:TEX) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. The company 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 for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.75 EPS. Analysts anticipate that Terex will post 6.08 earnings per share for the current year.

Insiders Place Their Bets

In other Terex news, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at $6,538,658.12. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Sachs bought 20,000 shares of Terex stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the acquisition, the director now directly owns 137,500 shares in the company, valued at approximately $6,840,625. The trade was a 17.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake 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 valued at $39,000 after purchasing an additional 335 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Terex in the 3rd quarter valued at $40,000. Truvestments Capital LLC bought a new stake in shares of Terex in the 3rd quarter valued at $41,000. Blue Trust Inc. boosted its stake in shares of Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 457 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Terex by 74.6% in the 3rd 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 during the last quarter. 92.88% of the stock is owned by 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.