Terex (NYSE:TEX) PT Raised to $37.00

Terex (NYSE:TEXGet Rating) had its target price lifted by investment analysts at The Goldman Sachs Group from $33.00 to $37.00 in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 8.47% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Robert W. Baird lowered shares of Terex from an “outperform” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a report on Friday, April 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Terex from $65.00 to $61.00 in a research report on Monday, May 2nd. Credit Suisse Group set a $37.00 target price on shares of Terex in a research report on Tuesday, July 19th. Bank of America raised shares of Terex from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $41.00 to $38.00 in a research report on Friday, May 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Terex from $57.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Terex currently has an average rating of “Moderate Buy” and an average target price of $45.50.

Terex Stock Performance

NYSE:TEX opened at $34.11 on Thursday. The company has a current ratio of 2.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.53 and a beta of 1.62. The firm’s fifty day simple moving average is $31.22 and its 200 day simple moving average is $35.39. Terex has a twelve month low of $26.64 and a twelve month high of $53.82.

Terex (NYSE:TEXGet Rating) last posted its earnings results on Tuesday, August 2nd. The industrial products company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.20. Terex had a net margin of 5.73% and a return on equity of 21.46%. During the same quarter last year, the business posted $1.02 EPS. As a group, equities research analysts expect that Terex will post 3.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Terex news, VP Scott Posner sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $33.96, for a total value of $67,920.00. Following the completion of the transaction, the vice president now owns 64,621 shares in the company, valued at approximately $2,194,529.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in Terex by 5.3% in the 1st quarter. BlackRock Inc. now owns 8,373,481 shares of the industrial products company’s stock worth $298,598,000 after purchasing an additional 417,925 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Terex by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,767,160 shares of the industrial products company’s stock worth $276,978,000 after acquiring an additional 68,739 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Terex by 31.3% in the 2nd quarter. Pzena Investment Management LLC now owns 4,450,787 shares of the industrial products company’s stock worth $121,818,000 after acquiring an additional 1,060,041 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Terex by 329.6% in the 4th quarter. JPMorgan Chase & Co. now owns 3,570,805 shares of the industrial products company’s stock worth $156,937,000 after acquiring an additional 2,739,622 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Terex by 6.7% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,184,288 shares of the industrial products company’s stock worth $113,552,000 after acquiring an additional 200,816 shares during the period. Institutional investors own 85.46% of the company’s stock.

Terex Company Profile

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Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands.

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