Terex (NYSE:TEX) Price Target Lowered to $59.00 at Evercore ISI

Terex (NYSE:TEX - Get Free Report) had its price objective dropped by stock analysts at Evercore ISI from $63.00 to $59.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the industrial products company's stock. Evercore ISI's price objective would suggest a potential upside of 36.55% from the company's previous close.

TEX has been the topic of a number of other research reports. StockNews.com cut Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Terex from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Barclays reduced their price target on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Citigroup lowered their price objective on shares of Terex from $57.00 to $48.00 and set a "neutral" rating on the stock in a research 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 on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $56.11.

Terex Price Performance

TEX stock traded down $2.36 on Wednesday, hitting $43.21. 877,016 shares of the company's stock traded hands, compared to its average volume of 811,574. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 4.70 and a beta of 1.54. Terex has a 1-year low of $43.01 and a 1-year high of $68.08. The stock has a fifty day moving average of $46.39 and a 200-day moving average of $51.02.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data 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 return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the prior year, the firm posted $1.88 earnings per share. On average, analysts forecast that Terex will post 4.83 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Terex

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Neo Ivy Capital Management acquired a new stake in shares of Terex during the 4th quarter worth approximately $29,000. Jones Financial Companies Lllp bought a new position in Terex in the fourth quarter worth $31,000. Smartleaf Asset Management LLC lifted its position in Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Terex during the third quarter worth $40,000. Finally, Truvestments Capital LLC bought a new stake in Terex in the 3rd quarter valued at $41,000. 92.88% of the stock is currently owned by institutional investors.

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.