Terex Co. (NYSE:TEX) Receives $59.56 Average PT from Analysts

Shares of Terex Co. (NYSE:TEX) have been given an average recommendation of “Hold” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One equities 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 12 month target price among brokerages that have issued ratings on the stock in the last year is $59.56.

A number of equities research analysts have commented on TEX shares. The Goldman Sachs Group reduced their price target on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Citigroup reduced their price target on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. Robert W. Baird reduced their price target on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Evercore ISI reduced their price objective on shares of Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, October 14th.

Institutional Trading of Terex

Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in Terex by 57.5% in the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 187 shares during the period. GAMMA Investing LLC raised its position in Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 335 shares during the period. Truvestments Capital LLC bought a new stake in Terex in the third quarter worth about $41,000. Farther Finance Advisors LLC raised its position in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 504 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Terex in the second quarter valued at approximately $109,000. Institutional investors own 92.88% of the company’s stock.

Terex Trading Up 0.6 %

Shares of NYSE:TEX opened at $52.29 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The company’s 50-day moving average price is $53.27 and its two-hundred day moving average price is $55.61. The stock has a market capitalization of $3.49 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 4.20 and a beta of 1.53. Terex has a one year low of $48.11 and a one year high of $68.08.

Terex (NYSE:TEX) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $1.75 earnings per share. On average, equities analysts forecast that Terex will post 6.07 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, November 8th. Terex’s dividend payout ratio is 9.93%.

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.