Morgan Stanley Lowers Terex (NYSE:TEX) Price Target to $30.00

Terex (NYSE:TEX - Get Free Report) had its price target dropped by research analysts at Morgan Stanley from $43.00 to $30.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the industrial products company's stock. Morgan Stanley's price target points to a potential downside of 10.61% from the stock's previous close.

Other research analysts have also recently issued reports about the stock. Evercore ISI reduced their target price on shares of Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group reduced their price objective on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Barclays cut their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. reduced their target price on shares of Terex from $48.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $45.60.

Terex Trading Down 2.7 %

NYSE:TEX traded down $0.94 during trading hours on Wednesday, reaching $33.56. 761,766 shares of the company were exchanged, compared to its average volume of 1,026,510. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 4.53 and a beta of 1.40. The stock has a 50 day simple moving average of $39.31 and a 200 day simple moving average of $46.48. Terex has a 52-week low of $31.53 and a 52-week high of $68.08. 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 issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the company earned $1.88 EPS. As a group, analysts predict that Terex will post 4.83 EPS for the current year.

Insider Buying and Selling

In related news, Director Andra Rush purchased 1,325 shares of the stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. The trade was a 6.03 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Terex

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Terex by 111.5% in the first quarter. Blue Trust Inc. now owns 1,508 shares of the industrial products company's stock valued at $57,000 after buying an additional 795 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Terex by 12.4% in the 1st quarter. QRG Capital Management Inc. now owns 5,586 shares of the industrial products company's stock worth $211,000 after acquiring an additional 615 shares in the last quarter. Fifth Third Bancorp grew its position in Terex by 88.1% during the 1st quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company's stock worth $34,000 after acquiring an additional 424 shares during the last quarter. GAMMA Investing LLC raised its position in Terex by 65.3% in the 1st quarter. GAMMA Investing LLC now owns 1,309 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 517 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock worth $28,000 after purchasing an additional 332 shares in the last quarter. Institutional investors 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.