Media headlines about Terex (NYSE:TEX) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Terex earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.9130992685239 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Terex (TEX) traded down $0.01 during midday trading on Thursday, hitting $47.01. 137,856 shares of the company traded hands, compared to its average volume of 903,548. Terex has a one year low of $28.67 and a one year high of $50.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.42 and a quick ratio of 1.53. The stock has a market capitalization of $3,980.00, a PE ratio of -24.66, a P/E/G ratio of 1.88 and a beta of 1.89.
Terex (NYSE:TEX) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.36 by $0.14. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.03 billion. Terex had a negative net margin of 2.62% and a positive return on equity of 7.01%. Terex’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. equities analysts anticipate that Terex will post 1.29 EPS for the current year.
Several equities research analysts have commented on the stock. ValuEngine lowered shares of Terex from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Terex from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Wednesday, October 11th. Bank of America reduced their price objective on shares of Terex from $42.00 to $40.00 and set an “underperform” rating for the company in a research note on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Terex in a report on Wednesday, November 1st. Finally, Barclays assumed coverage on shares of Terex in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.71.
In related news, VP Mark I. Clair sold 3,014 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $45.53, for a total transaction of $137,227.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Eric I. Cohen sold 10,121 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $49.90, for a total transaction of $505,037.90. Following the sale, the vice president now directly owns 185,897 shares of the company’s stock, valued at $9,276,260.30. The disclosure for this sale can be found here. In the last quarter, insiders bought 964 shares of company stock worth $44,623. Insiders own 2.50% of the company’s stock.
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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.
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