News articles about Terex (NYSE:TEX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Terex earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.6700119699784 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
TEX has been the subject of a number of research analyst reports. OTR Global raised shares of Terex to a “positive” rating in a report on Tuesday, December 5th. Zacks Investment Research downgraded shares of Terex from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 20th. Robert W. Baird reissued a “buy” rating and issued a $52.00 price target on shares of Terex in a research note on Thursday, December 21st. Barclays assumed coverage on shares of Terex in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Finally, KeyCorp restated a “hold” rating on shares of Terex in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Terex currently has an average rating of “Hold” and a consensus price target of $44.71.
Terex (NYSE TEX) traded down $2.13 during trading hours on Wednesday, reaching $40.83. 2,278,997 shares of the company traded hands, compared to its average volume of 1,166,220. The company has a market capitalization of $3,635.64, a price-to-earnings ratio of -48.80, a P/E/G ratio of 1.70 and a beta of 1.71. Terex has a 1-year low of $28.67 and a 1-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.
Terex (NYSE:TEX) last issued its earnings results on Tuesday, February 13th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $999.18 million. Terex had a negative net margin of 2.62% and a positive return on equity of 7.01%. analysts anticipate that Terex will post 1.29 earnings per share for the current year.
Terex declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 7th that permits the company to repurchase $325.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, March 8th. This is an increase from Terex’s previous quarterly dividend of $0.08. Terex’s dividend payout ratio is currently -37.21%.
In other Terex news, 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 completion of the sale, the vice president now directly owns 185,897 shares of the company’s stock, valued at $9,276,260.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mark I. Clair sold 3,014 shares of the company’s 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 disclosure for this sale can be found here. In the last 90 days, insiders have purchased 987 shares of company stock worth $44,638. 2.50% of the stock is owned by insiders.
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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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