Brokerages Set Terex Co. (NYSE:TEX) Price Target at $56.63

Terex Co. (NYSE:TEX - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine ratings firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $56.63.

A number of brokerages have issued reports on TEX. Truist Financial dropped their price objective on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Citigroup dropped their price target on shares of Terex from $57.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price objective on shares of Terex from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, Robert W. Baird cut their target price on shares of Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st.

Insider Transactions at Terex

In related news, CEO Simon Meester sold 9,877 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the sale, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Sachs bought 20,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the acquisition, the director now directly owns 137,500 shares in the company, valued at $6,840,625. The trade was a 17.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.

Institutional Trading of Terex

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Chartwell Investment Partners LLC acquired a new stake in Terex in the 3rd quarter valued at approximately $559,000. GSA Capital Partners LLP acquired a new stake in shares of Terex in the third quarter valued at $615,000. Barclays PLC grew its stake in shares of Terex by 40.2% in the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock valued at $6,838,000 after buying an additional 37,072 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Terex in the 3rd quarter valued at $4,283,000. Finally, Citigroup Inc. lifted its stake in Terex by 65.6% during the 3rd quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company's stock worth $3,727,000 after acquiring an additional 27,896 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Stock Performance

Terex stock traded down $0.06 during trading hours on Friday, hitting $48.84. 493,966 shares of the stock traded hands, compared to its average volume of 521,314. Terex has a 1 year low of $43.50 and a 1 year high of $68.08. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 7.13, a P/E/G ratio of 4.49 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The firm's 50 day moving average price is $48.96 and its 200-day moving average price is $52.77.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. Terex had a net margin of 9.08% and a return on equity of 24.92%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company earned $1.75 EPS. Terex's quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities analysts expect that Terex will post 6.08 EPS for the current fiscal year.

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.