Citigroup Has Lowered Expectations for Terex (NYSE:TEX) Stock Price

Terex (NYSE:TEX) had its target price lowered by analysts at Citigroup from $48.00 to $45.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective suggests a potential upside of 13.65% from the company’s current price.

Several other analysts also recently issued reports on the company. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Barclays dropped their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Evercore ISI reduced their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their target price on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Truist Financial decreased their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.78.

Terex Stock Performance

TEX stock traded down $0.71 on Monday, hitting $39.60. The company had a trading volume of 609,816 shares, compared to its average volume of 824,329. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 4.53 and a beta of 1.56. 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 has a 12-month low of $36.15 and a 12-month high of $68.08. The stock’s 50-day simple moving average is $44.65 and its 200 day simple moving average is $49.42.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the prior year, the business posted $1.88 earnings per share. As a group, equities research analysts expect that Terex will post 4.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andra Rush bought 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the purchase, the director now directly owns 23,308 shares of the company’s stock, valued at $861,463.68. This represents 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 link. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Terex

Large investors have recently made changes to their positions in the company. Neo Ivy Capital Management acquired a new position in shares of Terex during the 4th quarter valued at about $29,000. Jones Financial Companies Lllp acquired a new stake in shares of Terex during the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC raised its position in shares of Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after buying an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Terex in the third quarter valued at approximately $40,000. Finally, Truvestments Capital LLC purchased a new position in Terex in the third quarter worth approximately $41,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

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.