Terex (NYSE:TEX) Price Target Lowered to $47.00 at Truist Financial

Terex (NYSE:TEX) had its target price cut by research analysts at Truist Financial from $58.00 to $47.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price would indicate a potential upside of 41.81% from the company’s previous close.

A number of other brokerages have also issued reports on TEX. UBS Group lowered Terex from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $49.00 to $32.00 in a research note on Monday. StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Barclays lowered their price objective 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. JPMorgan Chase & Co. dropped their price target on shares of Terex from $51.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Finally, Evercore ISI decreased their price target on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.44.

Terex Trading Up 1.5 %

Shares of NYSE:TEX traded up $0.50 during trading on Tuesday, reaching $33.14. The company’s stock had a trading volume of 242,909 shares, compared to its average volume of 886,455. The firm’s 50 day simple moving average is $42.00 and its two-hundred day simple moving average is $47.80. Terex has a 12 month low of $31.61 and a 12 month high of $68.08. The stock has a market capitalization of $2.20 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.

Terex (NYSE:TEX) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 business earned $1.88 earnings per share. On average, research analysts predict that Terex will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush bought 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the transaction, the director now directly owns 23,308 shares in the company, valued at $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Terex

A number of large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of Terex by 60.3% in the third quarter. BNP Paribas Financial Markets now owns 22,808 shares of the industrial products company’s stock valued at $1,207,000 after buying an additional 8,579 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Terex by 1.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 161,670 shares of the industrial products company’s stock valued at $8,554,000 after acquiring an additional 2,401 shares during the last quarter. Quantinno Capital Management LP increased its position in Terex by 25.2% in the 3rd quarter. Quantinno Capital Management LP now owns 8,664 shares of the industrial products company’s stock valued at $458,000 after acquiring an additional 1,744 shares during the period. Weiss Asset Management LP acquired a new position in Terex during the 3rd quarter worth about $558,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Terex during the third quarter worth $217,000. Institutional investors and hedge funds 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.