Analysts Set Terex Co. (NYSE:TEX) Target Price at $48.44

Terex Co. (NYSE:TEX) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $48.44.

A number of brokerages have weighed in on TEX. Evercore ISI reduced their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price target on shares of Terex from $51.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. StockNews.com downgraded shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. The Goldman Sachs Group reduced their target price on shares of Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Finally, UBS Group lowered Terex from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $49.00 to $32.00 in a report on Monday, April 7th.

Insider Buying and Selling at Terex

In related news, Director Andra Rush bought 1,325 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This represents a 6.03 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Terex

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quantinno Capital Management LP raised its position in shares of Terex by 25.2% during the 3rd quarter. Quantinno Capital Management LP now owns 8,664 shares of the industrial products company’s stock worth $458,000 after purchasing an additional 1,744 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in shares of Terex in the 3rd quarter worth about $217,000. Y Intercept Hong Kong Ltd acquired a new position in Terex during the third quarter valued at approximately $1,281,000. Barclays PLC lifted its holdings in shares of Terex by 40.2% during the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after acquiring an additional 37,072 shares in the last quarter. Finally, Vestcor Inc acquired a new position in shares of Terex during the third quarter worth about $497,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Performance

Shares of Terex stock opened at $34.95 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. Terex has a 52 week low of $31.53 and a 52 week high of $68.08. The firm’s 50 day moving average is $40.44 and its two-hundred day moving average is $47.08. The firm has a market capitalization of $2.32 billion, a P/E ratio of 7.05, a P/E/G ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company posted $1.88 EPS. Research analysts forecast that Terex will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s dividend payout ratio is presently 13.71%.

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.