Terex (NYSE:TEX) Given New $52.00 Price Target at The Goldman Sachs Group

Terex (NYSE:TEX - Get Free Report) had its price objective lowered by investment analysts at The Goldman Sachs Group from $60.00 to $52.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. The Goldman Sachs Group's target price suggests a potential upside of 32.98% from the stock's previous close.

TEX has been the topic of a number of other reports. JPMorgan Chase & Co. cut their price target on Terex from $51.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Barclays cut their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Truist Financial lowered their price objective on Terex from $65.00 to $58.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Citigroup lowered their price objective on Terex from $48.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, StockNews.com downgraded Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Terex has a consensus rating of "Hold" and an average target price of $54.22.

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Terex Price Performance

NYSE:TEX traded up $0.03 during trading hours on Wednesday, hitting $39.11. The company's stock had a trading volume of 3,958,068 shares, compared to its average volume of 840,368. The stock has a fifty day simple moving average of $44.09 and a 200-day simple moving average of $48.87. The company has a market capitalization of $2.60 billion, a P/E ratio of 7.88, a PEG ratio of 4.53 and a beta of 1.56. 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 has a twelve month low of $36.15 and a twelve month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results 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 last year, the business earned $1.88 EPS. On average, analysts anticipate that Terex will post 4.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other Terex news, Director Andra Rush bought 1,325 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares in the company, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Terex

Several hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 222 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Terex by 0.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock valued at $1,695,000 after acquiring an additional 237 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Terex by 26.8% during the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 260 shares in the last quarter. Barnett & Company Inc. increased its holdings in shares of Terex by 4.3% during the fourth quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock valued at $337,000 after acquiring an additional 300 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Terex by 0.4% during the fourth quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company's stock valued at $3,838,000 after acquiring an additional 320 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.