Terex (TEX) Receives $45.23 Consensus Price Target from Analysts

Terex (NYSE:TEX) has received a consensus recommendation of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $45.23.

Several analysts have recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating and set a $46.00 price objective on shares of Terex in a research note on Wednesday, April 18th. TheStreet raised shares of Terex from a “c” rating to a “b” rating in a research note on Tuesday, May 1st. Morgan Stanley assumed coverage on shares of Terex in a research note on Friday, March 2nd. They set an “equal weight” rating and a $45.00 price objective for the company. Zacks Investment Research cut shares of Terex from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Robert W. Baird set a $43.00 price objective on shares of Terex and gave the company a “hold” rating in a research note on Friday, April 13th.

In other Terex news, VP Mark I. Clair sold 11,737 shares of the business’s stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $38.33, for a total value of $449,879.21. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director David A. Sachs acquired 6,500 shares of the business’s stock in a transaction on Friday, March 23rd. The stock was purchased at an average price of $36.59 per share, for a total transaction of $237,835.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 11,365 shares of company stock valued at $419,688 and have sold 51,027 shares valued at $2,035,188. 3.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of TEX. CAPROCK Group Inc. acquired a new position in Terex in the 4th quarter worth $226,000. State of Alaska Department of Revenue acquired a new position in Terex in the 4th quarter worth $236,000. Boston Advisors LLC acquired a new position in Terex in the 4th quarter worth $11,255,000. SG Americas Securities LLC lifted its holdings in Terex by 239.4% in the 4th quarter. SG Americas Securities LLC now owns 23,211 shares of the industrial products company’s stock worth $1,119,000 after buying an additional 16,372 shares in the last quarter. Finally, SignalPoint Asset Management LLC acquired a new position in Terex in the 4th quarter worth $750,000. Hedge funds and other institutional investors own 94.19% of the company’s stock.

Shares of Terex opened at $41.42 on Friday, according to Marketbeat. Terex has a 52-week low of $41.00 and a 52-week high of $41.59. The firm has a market cap of $3.07 billion, a PE ratio of 30.68, a P/E/G ratio of 0.69 and a beta of 1.83. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.26 and a quick ratio of 1.29.

Terex (NYSE:TEX) last announced its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.19. Terex had a net margin of 3.98% and a return on equity of 12.83%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company earned $0.05 EPS. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. sell-side analysts expect that Terex will post 2.89 EPS for the current fiscal year.

Terex announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 7th that allows the company to buyback $325.00 million in shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Friday, June 8th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.97%. Terex’s dividend payout ratio (DPR) is 29.63%.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

Analyst Recommendations for Terex (NYSE:TEX)

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