Analysts Set Terex Co. (NYSE:TEX) Price Target at $59.56

Terex Co. (NYSE:TEX) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $59.56.

Several equities research analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Monday, September 23rd. Truist Financial boosted their price objective on Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Evercore ISI lowered their target price on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. The Goldman Sachs Group reduced their price target on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Finally, Robert W. Baird reduced their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st.

Institutional Trading of Terex

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 187 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Terex by 83.3% during the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 335 shares during the period. Truvestments Capital LLC bought a new position in shares of Terex in the 3rd quarter worth about $41,000. Farther Finance Advisors LLC boosted its holdings in shares of Terex by 74.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after buying an additional 504 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Terex in the second quarter worth about $109,000. 92.88% of the stock is owned by institutional investors.

Terex Trading Up 1.9 %

TEX stock opened at $52.57 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 4.30 and a beta of 1.53. The business has a fifty day simple moving average of $53.19 and a 200-day simple moving average of $55.70. Terex has a 52 week low of $48.11 and a 52 week high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. Terex had a return on equity of 24.92% and a net margin of 9.08%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $1.75 EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts expect that Terex will post 6.07 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, November 8th. Terex’s dividend payout ratio is currently 9.93%.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.