Terex Co. (NYSE:TEX) Given Consensus Recommendation of “Buy” by Brokerages

Terex Co. (NYSE:TEX) has been given a consensus rating of “Buy” by the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $44.56.

A number of research analysts have recently commented on the company. Evercore ISI upgraded Terex to an “outperform” rating in a report on Tuesday, February 16th. Citigroup upped their price target on Terex from $46.00 to $55.00 in a report on Tuesday, March 16th. KeyCorp upped their price target on Terex from $49.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, May 10th. UBS Group upgraded Terex from a “neutral” rating to a “buy” rating and upped their price target for the stock from $45.00 to $60.00 in a report on Thursday, April 22nd. Finally, Barclays upped their price target on Terex from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 16th.

In other news, VP Amy George sold 10,000 shares of the company’s stock in a transaction on Friday, March 12th. The stock was sold at an average price of $47.00, for a total transaction of $470,000.00. Following the transaction, the vice president now owns 98,232 shares of the company’s stock, valued at $4,616,904. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott Posner sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $50.11, for a total value of $250,550.00. Following the transaction, the vice president now directly owns 50,185 shares in the company, valued at approximately $2,514,770.35. The disclosure for this sale can be found here. Insiders sold 261,927 shares of company stock worth $12,446,072 over the last quarter. Company insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Profund Advisors LLC acquired a new position in shares of Terex during the first quarter valued at $267,000. New York Life Investments Alternatives lifted its stake in shares of Terex by 13.9% during the first quarter. New York Life Investments Alternatives now owns 7,704 shares of the industrial products company’s stock valued at $355,000 after acquiring an additional 938 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Terex by 40.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 97,963 shares of the industrial products company’s stock valued at $4,513,000 after buying an additional 28,283 shares during the period. Lazard Asset Management LLC acquired a new position in Terex in the first quarter valued at about $47,000. Finally, South Dakota Investment Council lifted its stake in Terex by 6.1% in the first quarter. South Dakota Investment Council now owns 36,930 shares of the industrial products company’s stock valued at $1,701,000 after buying an additional 2,130 shares during the period. 83.84% of the stock is currently owned by institutional investors and hedge funds.

TEX opened at $54.59 on Monday. The business has a 50 day moving average price of $47.63 and a 200 day moving average price of $39.27. Terex has a twelve month low of $12.88 and a twelve month high of $55.60. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.65 and a current ratio of 2.59. The firm has a market cap of $3.81 billion, a P/E ratio of -909.83 and a beta of 1.55.

Terex (NYSE:TEX) last posted its earnings results on Thursday, April 29th. The industrial products company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.34. Terex had a positive return on equity of 2.35% and a negative net margin of 0.12%. The firm had revenue of $864.20 million during the quarter, compared to analyst estimates of $821.19 million. As a group, analysts anticipate that Terex will post -0.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 18th. Shareholders of record on Friday, June 4th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, June 3rd. Terex’s dividend payout ratio (DPR) is 14.77%.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. The company 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 principally under the Terex and Genie brand names.

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Analyst Recommendations for Terex (NYSE:TEX)

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