Terex Co. (NYSE:TEX) Given Consensus Recommendation of “Hold” by Analysts
Shares of Terex Co. (NYSE:TEX) have received an average rating of “Hold” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $36.17.
TEX has been the topic of several research analyst reports. UBS Group cut Terex from a “buy” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $37.00 in a research report on Tuesday, April 23rd. Bank of America reiterated an “underperform” rating and set a $28.00 price target (down from $33.00) on shares of Terex in a research report on Thursday, May 2nd. Morgan Stanley reiterated a “hold” rating on shares of Terex in a research report on Tuesday, February 26th. ValuEngine cut Terex from a “sell” rating to a “strong sell” rating in a research report on Monday, May 20th. Finally, Credit Suisse Group lifted their price target on Terex from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th.
In related news, Director International Master F. Marcato sold 1,100,000 shares of Terex stock in a transaction on Friday, March 29th. The stock was sold at an average price of $31.54, for a total value of $34,694,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director International Master F. Marcato sold 1,600,000 shares of Terex stock in a transaction on Friday, June 7th. The stock was sold at an average price of $27.31, for a total value of $43,696,000.00. The disclosure for this sale can be found here. Insiders purchased a total of 1,747 shares of company stock worth $53,558 over the last 90 days. Insiders own 4.00% of the company’s stock.
TEX traded up $0.54 during trading hours on Monday, hitting $28.87. The company’s stock had a trading volume of 302,947 shares, compared to its average volume of 905,879. Terex has a fifty-two week low of $25.47 and a fifty-two week high of $45.47. The company has a quick ratio of 1.41, a current ratio of 2.27 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.80 and a beta of 1.72. The business’s 50-day moving average is $29.51.
Terex (NYSE:TEX) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.57 by $0.30. Terex had a positive return on equity of 25.38% and a negative net margin of 0.06%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Equities analysts expect that Terex will post 4.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, June 7th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, June 6th. Terex’s payout ratio is 16.24%.
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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