Barclays Cuts Terex (NYSE:TEX) Price Target to $52.00

Terex (NYSE:TEX) had its target price lowered by equities researchers at Barclays from $60.00 to $52.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price suggests a potential upside of 13.98% from the company’s current price.

A number of other brokerages have also issued reports on TEX. Citigroup dropped their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their price target on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Truist Financial cut their target price on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Robert W. Baird decreased their target price on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Terex currently has an average rating of “Hold” and a consensus target price of $56.11.

Terex Stock Up 2.3 %

NYSE TEX opened at $45.62 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.16. Terex has a fifty-two week low of $43.23 and a fifty-two week high of $68.08. The stock has a market capitalization of $3.05 billion, a PE ratio of 9.20, a PEG ratio of 4.53 and a beta of 1.54. The business has a fifty day moving average price of $47.29 and a two-hundred day moving average price of $51.65.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating 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 company posted $1.88 EPS. Equities analysts expect that Terex will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Terex

Large investors have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new position in shares of Terex in the 4th quarter worth $31,000. Smartleaf Asset Management LLC lifted its stake in Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 222 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Terex during the 3rd quarter valued at about $40,000. Finally, Truvestments Capital LLC purchased a new position in shares of Terex during the 3rd quarter valued at about $41,000. Institutional investors own 92.88% of the company’s stock.

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.