JPMorgan Chase & Co. Has Lowered Expectations for Terex (NYSE:TEX) Stock Price

Terex (NYSE:TEX - Free Report) had its target price decreased by JPMorgan Chase & Co. from $48.00 to $38.00 in a research report report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company's stock.

A number of other analysts also recently commented on TEX. Citigroup decreased their price objective on shares of Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Evercore ISI dropped their price target on Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Barclays decreased their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. StockNews.com lowered shares of Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Finally, UBS Group lowered Terex from a "neutral" rating to a "sell" rating and lowered their target price for the company from $49.00 to $32.00 in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $45.60.

Terex Stock Up 1.2 %

Shares of Terex stock traded up $0.41 during trading on Monday, hitting $34.50. 666,208 shares of the stock were exchanged, compared to its average volume of 904,294. Terex has a 12-month low of $31.53 and a 12-month high of $68.08. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The firm's 50-day moving average price is $39.31 and its 200 day moving average price is $46.54.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period in the prior year, the business posted $1.88 EPS. As a group, analysts forecast that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were paid a $0.17 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.97%. Terex's dividend payout ratio is 13.71%.

Insiders Place Their Bets

In other news, Director Andra Rush bought 1,325 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the purchase, the director now owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Terex

Several large investors have recently modified their holdings of TEX. Cascade Investment Advisors Inc. acquired a new stake in Terex during the fourth quarter worth approximately $1,070,000. Norges Bank bought a new stake in Terex in the 4th quarter valued at $35,001,000. KLP Kapitalforvaltning AS acquired a new position in Terex in the 4th quarter valued at $610,000. Barclays PLC lifted its holdings in shares of Terex by 40.2% during the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock worth $6,838,000 after buying an additional 37,072 shares in the last quarter. Finally, J2 Capital Management Inc bought a new stake in shares of Terex in the fourth quarter valued at about $353,000. 92.88% of the stock is owned by institutional investors.

Terex Company Profile

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.