Terex Corporation (TEX) – What Are Analysts Saying About This Stock?

Terex Corporation (NYSE:TEX) has received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $77.10.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on Terex from $68.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, October 8th. Wall Street Zen downgraded Terex from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Truist Financial reiterated a “buy” rating and issued a $87.00 price objective (up from $85.00) on shares of Terex in a research report on Thursday, October 29th. Barclays increased their price objective on shares of Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, Wells Fargo & Company dropped their target price on shares of Terex from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Monday, October 26th.

Institutional Trading of Terex

Several large investors have recently modified their holdings of TEX. Ancora Advisors LLC acquired a new position in shares of Terex during the 2nd quarter worth approximately $29,000. Essential Partners LLC grew its holdings in Terex by 171.2% during the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock valued at $33,000 after buying an additional 356 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Terex during the 2nd quarter valued at $35,000. Optiver Holding B.V. increased its position in Terex by 67.5% during the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after buying an additional 315 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in Terex during the first quarter worth $47,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Up 1.1%

Shares of NYSE TEX opened at $57.66 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.76 and a debt-to-equity ratio of 0.52. Terex has a 52 week low of $41.70 and a 52 week high of $74.69. The firm has a 50-day moving average price of $56.03 and a 200 day moving average price of $61.73. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.06 and a beta of 1.48.

Terex (NYSE:TEX) last released its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. Terex had a net margin of 2.64% and a return on equity of 11.79%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The firm’s revenue was up 58.4% on a year-over-year basis. Equities research analysts anticipate that Terex will post 4.92 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 9th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 9th. Terex’s dividend payout ratio is 34.34%.

Terex Company Profile

Terex Corporation designs, manufactures and supports equipment used in construction, infrastructure, utilities, materials processing and environmental services. Its products include aerial work platforms and machinery for crushing, screening, washing and conveying materials, along with equipment for waste handling and other specialized applications. The company sells equipment and aftermarket services worldwide through a portfolio of brands that includes Genie, Powerscreen, Finlay and Terex. Its customers include contractors, equipment rental companies, municipalities and businesses involved in mining, recycling and infrastructure work.