Terex Co. (NYSE:TEX) Receives $56.63 Average Target Price from Analysts

Shares of Terex Co. (NYSE:TEX) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $56.63.

A number of equities analysts have recently weighed in on TEX shares. Citigroup cut their price objective 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. Robert W. Baird cut their price target on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Truist Financial lowered their price objective on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their target price on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th.

Terex Price Performance

Shares of NYSE:TEX opened at $47.12 on Friday. Terex has a one year low of $43.50 and a one year high of $68.08. The stock has a market cap of $3.15 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 4.49 and a beta of 1.55. The business’s fifty day moving average price is $48.80 and its two-hundred day moving average price is $52.68. 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 posted 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 firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 EPS. On average, analysts forecast that Terex will post 6.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Terex news, Director David A. Sachs bought 10,000 shares of Terex stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the acquisition, the director now owns 107,500 shares of the company’s stock, valued at $5,514,750. The trade was a 10.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Simon Meester sold 9,877 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Terex

A number of hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in Terex by 10.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 100,408 shares of the industrial products company’s stock valued at $5,506,000 after purchasing an additional 9,530 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Terex by 177.4% during the second quarter. Hsbc Holdings PLC now owns 14,670 shares of the industrial products company’s stock worth $799,000 after buying an additional 9,382 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Terex in the second quarter worth $262,000. Squarepoint Ops LLC raised its holdings in Terex by 172.8% in the second quarter. Squarepoint Ops LLC now owns 52,883 shares of the industrial products company’s stock valued at $2,900,000 after acquiring an additional 33,501 shares in the last quarter. Finally, AXA S.A. boosted its stake in Terex by 1.7% during the 2nd quarter. AXA S.A. now owns 75,182 shares of the industrial products company’s stock valued at $4,123,000 after acquiring an additional 1,282 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.