Brokerages Set Terex Co. (TEX) Target Price at $44.23

Shares of Terex Co. (NYSE:TEX) have earned a consensus rating of “Hold” from the nineteen brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $44.23.

Several brokerages have recently weighed in on TEX. Robert W. Baird restated a “buy” rating and set a $52.00 price objective on shares of Terex in a research report on Thursday, December 21st. KeyCorp restated a “hold” rating on shares of Terex in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Terex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Barclays began coverage on shares of Terex in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $50.00 price objective for the company. Finally, OTR Global upgraded shares of Terex to a “positive” rating in a research report on Tuesday, December 5th.

Shares of Terex (NYSE TEX) traded down $0.83 during trading hours on Friday, hitting $43.20. 1,377,479 shares of the stock traded hands, compared to its average volume of 1,064,111. The stock has a market cap of $3,690.00, a P/E ratio of -22.50, a PEG ratio of 1.71 and a beta of 1.71. The company has a quick ratio of 1.53, a current ratio of 2.42 and a debt-to-equity ratio of 0.71. Terex has a twelve month low of $28.67 and a twelve month high of $50.17.

In related news, VP Eric I. Cohen sold 10,121 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $49.90, for a total value of $505,037.90. Following the completion of the sale, the vice president now owns 185,897 shares in the company, valued at approximately $9,276,260.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Mark I. Clair sold 3,014 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $45.53, for a total transaction of $137,227.42. The disclosure for this sale can be found here. In the last quarter, insiders purchased 641 shares of company stock valued at $29,842. 2.50% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in TEX. PNC Financial Services Group Inc. raised its position in Terex by 4.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock worth $220,000 after buying an additional 262 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Terex by 9.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 102,734 shares of the industrial products company’s stock worth $3,853,000 after buying an additional 8,470 shares during the last quarter. Stifel Financial Corp raised its position in Terex by 6.5% during the 2nd quarter. Stifel Financial Corp now owns 34,074 shares of the industrial products company’s stock worth $1,280,000 after buying an additional 2,065 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Terex during the 2nd quarter worth $235,000. Finally, AHL Partners LLP raised its position in Terex by 7.6% during the 2nd quarter. AHL Partners LLP now owns 77,063 shares of the industrial products company’s stock worth $2,890,000 after buying an additional 5,423 shares during the last quarter. Institutional investors own 96.63% of the company’s stock.

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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)

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