Shares of Terex Co. (NYSE:TEX) have been assigned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $44.23.
A number of research firms have recently commented on TEX. 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. KeyCorp reaffirmed a “hold” rating on shares of Terex in a research report on Wednesday, November 1st. Zacks Investment Research lowered Terex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Barclays began coverage on Terex in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, OTR Global raised Terex to a “positive” rating in a research report on Tuesday, December 5th.
In related news, VP Mark I. Clair sold 3,014 shares of Terex stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total value of $137,227.42. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders purchased 964 shares of company stock worth $44,623. 2.50% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. New England Research & Management Inc. grew its stake in Terex by 160.5% in the fourth quarter. New England Research & Management Inc. now owns 16,960 shares of the industrial products company’s stock valued at $818,000 after purchasing an additional 10,450 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Terex by 109.1% in the third quarter. Public Employees Retirement System of Ohio now owns 83,053 shares of the industrial products company’s stock valued at $3,739,000 after purchasing an additional 43,335 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Terex in the third quarter valued at approximately $499,000. Caxton Associates LP boosted its stake in shares of Terex by 26.7% during the 3rd quarter. Caxton Associates LP now owns 190,000 shares of the industrial products company’s stock worth $8,554,000 after acquiring an additional 40,000 shares during the period. Finally, Cowen Inc. bought a new position in shares of Terex during the 3rd quarter worth approximately $675,000. Hedge funds and other institutional investors own 96.86% of the company’s stock.
Terex (NYSE:TEX) traded up $0.16 during trading hours on Monday, reaching $47.58. The company’s stock had a trading volume of 1,390,200 shares, compared to its average volume of 916,686. Terex has a 1 year low of $28.67 and a 1 year high of $48.92. The company has a quick ratio of 1.53, a current ratio of 2.42 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $4,040.00, a price-to-earnings ratio of -24.78, a price-to-earnings-growth ratio of 1.87 and a beta of 1.89.
Terex (NYSE:TEX) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.03 billion. Terex had a positive return on equity of 7.01% and a negative net margin of 2.62%. Terex’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. sell-side analysts expect that Terex will post 1.29 EPS for the current year.
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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.
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