Terex Co. (NYSE:TEX) Receives $59.56 Average Price Target from Analysts

Shares of Terex Co. (NYSE:TEX - Get Free Report) have received a consensus recommendation of "Hold" from the ten analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $59.56.

Several research firms have recently weighed in on TEX. The Goldman Sachs Group cut their price objective on Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, September 20th. Robert W. Baird reduced their price target on shares of Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Truist Financial raised their price objective on shares of Terex from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their target price on shares of Terex from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Finally, Citigroup dropped their price target on Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research note on Monday, September 23rd.

Terex Trading Down 0.4 %

NYSE TEX traded down $0.21 during trading on Friday, reaching $52.94. 514,873 shares of the stock traded hands, compared to its average volume of 574,873. Terex has a fifty-two week low of $48.11 and a fifty-two week high of $68.08. 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 firm has a market cap of $3.54 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 4.49 and a beta of 1.53. The stock's 50-day moving average price is $53.70 and its 200 day moving average price is $54.99.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.15. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The firm's revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 EPS. Analysts predict that Terex will post 6.07 EPS for the current year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 1.28%. Terex's payout ratio is presently 9.93%.

Institutional Investors Weigh In On Terex

Several large investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in Terex by 1.0% during the third quarter. Franklin Resources Inc. now owns 81,450 shares of the industrial products company's stock worth $4,512,000 after acquiring an additional 795 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Terex in the 3rd quarter valued at about $40,000. Sanctuary Advisors LLC lifted its stake in Terex by 7.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,610 shares of the industrial products company's stock valued at $571,000 after purchasing an additional 717 shares during the last quarter. Virtu Financial LLC bought a new position in Terex during the third quarter worth about $704,000. Finally, Invst LLC acquired a new position in Terex during the third quarter worth approximately $206,000. 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.