Analysts Set Terex Co. (TEX) Target Price at $38.60
Shares of Terex Co. (NYSE:TEX) have received a consensus recommendation of “Hold” from the twenty analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $38.60.
Several brokerages recently issued reports on TEX. Credit Suisse Group raised their price target on Terex from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. Wells Fargo & Co raised their price target on Terex from $32.00 to $37.00 and gave the stock a “market perform” rating in a report on Tuesday, February 26th. Morgan Stanley reissued a “hold” rating on shares of Terex in a report on Tuesday, February 26th. Bank of America set a $33.00 price target on Terex and gave the stock a “sell” rating in a report on Thursday, February 28th. Finally, BMO Capital Markets cut their price target on Terex to $35.00 and set a “market perform” rating on the stock in a report on Monday, November 19th.
In other Terex news, insider Steve Filipov sold 10,048 shares of Terex stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $35.64, for a total transaction of $358,110.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have acquired a total of 1,453 shares of company stock worth $45,394 in the last ninety days. 3.50% of the stock is owned by company insiders.
Shares of TEX traded down $0.07 during mid-day trading on Friday, hitting $32.77. The stock had a trading volume of 1,493,981 shares, compared to its average volume of 1,053,354. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.93 and a beta of 1.62. The company has a current ratio of 1.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.41. Terex has a fifty-two week low of $25.47 and a fifty-two week high of $45.47.
Terex (NYSE:TEX) last issued its earnings results on Monday, February 25th. The industrial products company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Terex had a return on equity of 21.60% and a net margin of 2.22%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. On average, sell-side analysts predict that Terex will post 3.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, March 7th. This represents a $0.44 annualized dividend and a yield of 1.34%. This is an increase from Terex’s previous quarterly dividend of $0.10. Terex’s payout ratio is presently 16.24%.
Terex Company Profile
Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.
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