Terex Corp. (NYSE:TEX) had its price target hoisted by analysts at Deutsche Bank AG from $26.00 to $28.00 in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 17.20% from the company’s current price.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Terex Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 4th. Credit Agricole SA began coverage on shares of Terex Corp. in a report on Friday, September 30th. They set a “buy” rating and a $30.00 price objective for the company. Morgan Stanley reaffirmed a “hold” rating and set a $21.00 price objective on shares of Terex Corp. in a report on Friday, September 16th. BMO Capital Markets reissued a “hold” rating and issued a $24.00 price target on shares of Terex Corp. in a research note on Monday, August 29th. Finally, Jefferies Group downgraded shares of Terex Corp. from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.22.
Shares of Terex Corp. (NYSE:TEX) opened at 23.89 on Wednesday. The stock has a 50 day moving average price of $24.28 and a 200 day moving average price of $23.24. Terex Corp. has a 52 week low of $13.62 and a 52 week high of $25.66. The firm has a market capitalization of $2.59 billion, a P/E ratio of 48.36 and a beta of 2.93.
Terex Corp. (NYSE:TEX) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Terex Corp. had a net margin of 0.92% and a return on equity of 9.63%. The company earned $1.30 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm posted $0.78 EPS. The firm’s revenue was down 10.1% compared to the same quarter last year. Analysts forecast that Terex Corp. will post $0.96 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Thursday, November 10th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.17%. Terex Corp.’s dividend payout ratio is currently 57.14%.
In related news, Director G Chris Andersen sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $24.02, for a total transaction of $480,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brian J. Henry sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $24.29, for a total transaction of $121,450.00. Following the transaction, the senior vice president now owns 316,729 shares in the company, valued at approximately $7,693,347.41. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in TEX. BOKF NA boosted its position in shares of Terex Corp. by 97.1% in the second quarter. BOKF NA now owns 5,237 shares of the company’s stock valued at $107,000 after buying an additional 2,580 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Terex Corp. by 70.2% in the second quarter. LS Investment Advisors LLC now owns 6,648 shares of the company’s stock worth $135,000 after buying an additional 2,743 shares during the period. Creative Planning boosted its stake in shares of Terex Corp. by 13.2% in the second quarter. Creative Planning now owns 8,600 shares of the company’s stock worth $175,000 after buying an additional 1,000 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Terex Corp. by 3.8% in the second quarter. PNC Financial Services Group Inc. now owns 8,875 shares of the company’s stock worth $182,000 after buying an additional 323 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Terex Corp. during the second quarter worth $200,000. Institutional investors own 81.01% of the company’s stock.
Terex Corp. Company Profile
Terex Corporation is a lifting and material handling solutions company. The Company is focused on providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries.
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