Terex Co. (TEX) Receives Average Recommendation of “Hold” from Analysts

Terex Co. (NYSE:TEX) has been assigned an average recommendation of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $44.23.

TEX has been the topic of several research analyst reports. Bank of America cut their price target on Terex from $42.00 to $40.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Terex in a research report on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating and set a $52.00 price target on shares of Terex in a research report on Thursday, December 21st. OTR Global raised Terex to a “positive” rating in a research report on Tuesday, December 5th. Finally, Deutsche Bank lowered Terex from a “buy” rating to a “hold” rating and cut their price target for the stock from $44.00 to $43.00 in a research report on Thursday, September 21st.

In other Terex news, VP Mark I. Clair sold 3,014 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total transaction of $137,227.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have acquired 647 shares of company stock worth $29,608. 2.50% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC lifted its position in Terex by 51.0% during the second quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company’s stock worth $135,913,000 after buying an additional 1,224,422 shares during the period. Alliancebernstein L.P. lifted its position in Terex by 6.6% during the second quarter. Alliancebernstein L.P. now owns 3,298,490 shares of the industrial products company’s stock worth $123,693,000 after buying an additional 202,899 shares during the period. TCW Group Inc. lifted its position in Terex by 0.8% during the third quarter. TCW Group Inc. now owns 2,835,710 shares of the industrial products company’s stock worth $127,664,000 after buying an additional 23,301 shares during the period. JPMorgan Chase & Co. lifted its position in Terex by 27.4% during the third quarter. JPMorgan Chase & Co. now owns 2,241,830 shares of the industrial products company’s stock worth $100,591,000 after buying an additional 481,903 shares during the period. Finally, Teachers Advisors LLC lifted its position in Terex by 14.9% during the second quarter. Teachers Advisors LLC now owns 1,561,990 shares of the industrial products company’s stock worth $58,575,000 after buying an additional 202,057 shares during the period. Institutional investors and hedge funds own 96.86% of the company’s stock.

Terex (NYSE TEX) traded down $0.61 during mid-day trading on Monday, reaching $46.95. The company had a trading volume of 766,100 shares, compared to its average volume of 722,525. The stock has a market capitalization of $3,980.00, a PE ratio of -24.45, a price-to-earnings-growth ratio of 1.87 and a beta of 1.89. Terex has a 12-month low of $28.67 and a 12-month high of $48.92. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.53 and a current ratio of 2.42.

Terex (NYSE:TEX) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Terex had a positive return on equity of 7.01% and a negative net margin of 2.62%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. research analysts predict that Terex will post 1.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Thursday, November 9th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. Terex’s payout ratio is -16.67%.

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Terex Company Profile

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

Analyst Recommendations for Terex (NYSE:TEX)

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