Terex (NYSE:TEX) Stock Price Expected to Rise, Truist Financial Analyst Says

Terex (NYSE:TEX - Free Report) had its target price upped by Truist Financial from $62.00 to $65.00 in a research report released on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the industrial products company's stock.

TEX has been the topic of a number of other research reports. Jefferies Financial Group cut their target price on shares of Terex from $68.00 to $55.00 and set a "hold" rating on the stock in a research report on Thursday, July 11th. Robert W. Baird reduced their price objective on Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a research report on Thursday. The Goldman Sachs Group lowered their target price on Terex from $72.00 to $62.00 and set a "neutral" rating for the company in a report on Friday, September 20th. Citigroup decreased their price target 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. Finally, JPMorgan Chase & Co. lowered their target price on Terex from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $59.56.

Terex Price Performance

Terex stock traded down $0.19 during trading hours on Monday, reaching $51.22. 509,512 shares of the stock were exchanged, compared to its average volume of 823,922. The stock has a 50 day moving average of $53.29 and a two-hundred day moving average of $56.02. The company has a market cap of $3.42 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 4.28 and a beta of 1.53. The company has a current ratio of 2.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.32. Terex has a twelve month low of $46.94 and a twelve month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The company's revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 earnings per share. Equities analysts expect that Terex will post 5.92 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, November 8th. Terex's payout ratio is currently 9.93%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its position in shares of Terex by 57.5% during the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock worth $28,000 after acquiring an additional 187 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Terex by 83.3% in 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 last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 504 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Terex during the second quarter worth $109,000. Finally, 1620 Investment Advisors Inc. bought a new stake in Terex during the second quarter worth $111,000. Institutional investors and hedge funds own 92.88% of the company's stock.

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.