Terex (NYSE:TEX) Price Target Cut to $52.00 by Analysts at JPMorgan Chase & Co.

Terex (NYSE:TEX) had its price objective decreased by JPMorgan Chase & Co. from $59.00 to $52.00 in a report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Truist Financial dropped their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. The Goldman Sachs Group cut their price target on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Robert W. Baird reduced their price target on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup dropped their price objective on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Terex has a consensus rating of “Hold” and a consensus price target of $56.67.

Terex Stock Up 2.0 %

Shares of TEX opened at $45.81 on Tuesday. The business’s fifty day moving average price is $50.12 and its two-hundred day moving average price is $53.13. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 4.00 and a beta of 1.55. Terex has a 52 week low of $43.50 and a 52 week high of $68.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39.

Terex (NYSE:TEX) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.15. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.75 earnings per share. On average, analysts predict that Terex will post 6.07 earnings per share for the current year.

Insider Buying and Selling at Terex

In other Terex news, Director David A. Sachs acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $51.30 per share, for a total transaction of $513,000.00. Following the transaction, the director now owns 107,500 shares of the company’s stock, valued at $5,514,750. This trade represents a 10.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Simon Meester sold 9,877 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares in the company, valued at $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 335 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Terex in the 3rd quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new stake in Terex in the 3rd quarter valued at approximately $41,000. Blue Trust Inc. lifted its stake in Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 457 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Terex by 74.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 504 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Company Profile

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.