Citigroup Issues Pessimistic Forecast for Terex (NYSE:TEX) Stock Price

Terex (NYSE:TEX - Get Free Report) had its price target reduced by research analysts at Citigroup from $48.00 to $45.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the industrial products company's stock. Citigroup's price objective would indicate a potential upside of 15.84% from the stock's previous close.

Other equities research analysts have also issued research reports about the company. StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Evercore ISI reduced their target price on Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Truist Financial reduced their price objective on Terex from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Barclays dropped their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. lowered their price target on Terex from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $54.22.

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Terex Trading Down 0.6 %

Shares of NYSE:TEX traded down $0.23 on Monday, hitting $38.85. 542,641 shares of the company's stock were exchanged, compared to its average volume of 827,579. Terex has a 12 month low of $36.15 and a 12 month high of $68.08. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The business's 50 day simple moving average is $44.19 and its two-hundred day simple moving average is $49.05. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same period in the prior year, the company earned $1.88 earnings per share. Analysts anticipate that Terex will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling at Terex

In other news, Director Andra Rush bought 1,325 shares of the stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the purchase, the director now directly owns 23,308 shares of the company's stock, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Terex

Several large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after buying an additional 222 shares in the last quarter. Lingohr Asset Management GmbH lifted its stake in shares of Terex by 2.0% in the 3rd quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company's stock valued at $607,000 after purchasing an additional 230 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Terex by 0.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock valued at $1,695,000 after purchasing an additional 237 shares during the period. Blue Trust Inc. raised its stake in Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after buying an additional 260 shares during the period. Finally, Barnett & Company Inc. raised its stake in Terex by 4.3% during the 4th quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock worth $337,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 92.88% of the company's stock.

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.