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

Terex Co. (NYSE:TEX) has been given an average rating of “Hold” by the nine research firms that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $56.63.

Several research analysts have weighed in on TEX shares. Robert W. Baird lowered their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Truist Financial lowered their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Citigroup lowered their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a 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 on the stock in a report on Tuesday, January 14th.

Insider Buying and Selling

In related news, Director David A. Sachs acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the acquisition, the director now owns 137,500 shares of the company’s stock, valued at approximately $6,840,625. This represents a 17.02 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Simon Meester sold 9,877 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares of the company’s stock, valued at $6,538,658.12. This trade represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Terex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEX. GAMMA Investing LLC boosted its position in Terex by 83.3% during the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 335 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Terex during the third quarter worth about $40,000. Truvestments Capital LLC bought a new position in Terex during the third quarter worth about $41,000. Blue Trust Inc. boosted its position in Terex by 89.3% during the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 457 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Terex by 74.6% during the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 504 shares during the period. Institutional investors own 92.88% of the company’s stock.

Terex Stock Up 3.2 %

Shares of NYSE TEX opened at $48.96 on Friday. The firm has a market cap of $3.27 billion, a PE 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 company’s fifty day simple moving average is $48.63 and its 200 day simple moving average is $52.62. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32.

Terex (NYSE:TEX) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. Terex had a net margin of 9.08% and a return on equity of 24.92%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. Terex’s revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that Terex will post 6.08 earnings per share for the current fiscal year.

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.