Terex Co. (TEX) Receives Average Recommendation of “Hold” from Brokerages

Terex Co. (NYSE:TEX) has been given an average rating of “Hold” by the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $44.23.

A number of equities analysts recently issued reports on TEX shares. Citigroup lifted their target price on Terex from $39.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Zacks Investment Research upgraded Terex from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, October 11th. UBS Group set a $52.00 target price on Terex and gave the stock a “buy” rating in a report on Wednesday, October 11th. KeyCorp restated a “hold” rating on shares of Terex in a report on Wednesday, November 1st. Finally, OTR Global upgraded Terex to a “positive” rating in a report on Tuesday, December 5th.

Terex (NYSE:TEX) traded down $0.61 on Monday, reaching $46.95. The company had a trading volume of 766,100 shares, compared to its average volume of 722,525. Terex has a 12-month low of $28.67 and a 12-month high of $48.92. The company has a current ratio of 2.42, a quick ratio of 1.53 and a debt-to-equity ratio of 0.71. The firm has a market cap of $3,980.00, a PE ratio of -24.45, a P/E/G ratio of 1.87 and a beta of 1.89.

Terex (NYSE:TEX) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.14. Terex had a positive return on equity of 7.01% and a negative net margin of 2.62%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. equities analysts predict that Terex will post 1.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Thursday, November 9th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.68%. Terex’s dividend payout ratio (DPR) is currently -16.67%.

In other Terex news, VP Mark I. Clair sold 3,014 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total transaction of $137,227.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have acquired 647 shares of company stock worth $29,608. Corporate insiders own 2.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of TEX. JPMorgan Chase & Co. increased its stake in shares of Terex by 1,197.3% in the second quarter. JPMorgan Chase & Co. now owns 1,759,927 shares of the industrial products company’s stock worth $65,999,000 after purchasing an additional 1,624,263 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Terex by 51.0% in the second quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company’s stock worth $135,913,000 after purchasing an additional 1,224,422 shares during the period. Systematic Financial Management LP bought a new position in shares of Terex in the third quarter worth about $42,612,000. Prudential Financial Inc. increased its stake in shares of Terex by 208.0% in the third quarter. Prudential Financial Inc. now owns 835,582 shares of the industrial products company’s stock worth $37,618,000 after purchasing an additional 564,300 shares during the period. Finally, Thrivent Financial For Lutherans increased its stake in shares of Terex by 2,299.4% in the second quarter. Thrivent Financial For Lutherans now owns 477,970 shares of the industrial products company’s stock worth $17,924,000 after purchasing an additional 458,050 shares during the period. Institutional investors and hedge funds own 96.86% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.com-unik.info/2018/01/08/terex-co-tex-receives-average-recommendation-of-hold-from-brokerages.html.

About Terex

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

Analyst Recommendations for Terex (NYSE:TEX)

Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit