Media stories about Terex (NYSE:TEX) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Terex earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.7684105595157 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Terex Trucks stars in Sky One hit (mhwmagazine.co.uk)
- Hot Stock in the Spotlight – Terex Corporation (NYSE: TEX) (stocksmarketcap.com)
- TRUCK: Terex 2766C stars in extreme British TV contest (canadianminingjournal.com)
- See what the IHS Markit Score report has to say about Terex Corp. (finance.yahoo.com)
- UPDATE: Goldman Sachs Downgrades Terex (TEX) to Sell (streetinsider.com)
Shares of Terex opened at $39.96 on Monday, according to Marketbeat Ratings. The company has a current ratio of 2.26, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 0.66 and a beta of 1.79. Terex has a 1-year low of $34.21 and a 1-year high of $50.17.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Friday, June 8th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, June 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.00%. Terex’s dividend payout ratio is presently 29.63%.
Several research firms recently issued reports on TEX. Goldman Sachs Group lowered Terex from a “neutral” rating to a “sell” rating in a research report on Wednesday, June 13th. Zacks Investment Research raised Terex from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research report on Monday, February 19th. Robert W. Baird lowered Terex from an “outperform” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Friday, March 2nd. Morgan Stanley began coverage on Terex in a research report on Friday, March 2nd. They set an “equal weight” rating and a $45.00 price target on the stock. Finally, Barclays reissued a “hold” rating and set a $45.00 price target on shares of Terex in a research report on Thursday, April 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.23.
In other news, SVP Brian J. Henry sold 5,000 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $42.98, for a total transaction of $214,900.00. Following the sale, the senior vice president now owns 330,157 shares of the company’s stock, valued at $14,190,147.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Sachs purchased 3,500 shares of Terex stock in a transaction dated Monday, March 26th. The shares were acquired at an average cost of $37.00 per share, for a total transaction of $129,500.00. The disclosure for this purchase can be found here. Insiders have bought 11,343 shares of company stock worth $419,935 in the last three months. Corporate insiders own 3.50% of the company’s stock.
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.
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