Terex (NYSE: TEX) Receives New Price Target of $ 46.00 on Barclays

Terex (NYSE: TEX) was his target price by stock researchers around Barclays from $ 50.00 to $ 46.00 in a research note issued to investors on Friday, Benzinga reported. The company currently has an “equilibrium” rating for the stocks of the industrial products company. BarclaysThe price target of the share indicates a potential upside of 6.75% compared to the current price of the share.

A number of other analysts have also recently published reports on TEX. Deutsche Bank Aktiengesellschaft raised its price target for Terex from US $ 51.00 to US $ 61.00 and gave the stock a “Buy” rating in a research note on Monday, November 1st. Evercore ISI lowered its price target for Terex from USD 74.00 to USD 67.00 and rated the stock as “Outperform” in a research note on Thursday, October 14th. Morgan Stanley raised its price target for Terex from $ 50.00 to $ 53.00 and rated the stock as “equilibrium” in a research note on Thursday, December 9th. KeyCorp lowered its price target for Terex from USD 59.00 to USD 54.00 and rated the stock as “overweight” in a research report on Monday, September 27th. Finally, Zacks Investment Research downgraded Terex from a “strong buy” rating to a “hold” rating and set a price target of $ 47.00 on the stock. in a research report on Wednesday September 29th. Four analysts have given the share a hold rating and ten with a buy rating. Based on data from MarketBeat, Terex currently has a consensus rating of “Buy” and an average price target of $ 56.08.

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NYSE: TEX opened at $ 43.09 on Friday. Terex has a 52-week low of $ 33.88 and a 52-week high of $ 55.60. The company has a debt of 0.84, a quick ratio of 1.34 and a current ratio of 2.13. The company has a market cap of $ 3.01 billion, a P / E of 16.96, and a beta of 1.66. The stock has a 50-day simple moving average of $ 45.41 and a 200-day simple moving average of $ 46.62.

Terex (NYSE: TEX) last released its quarterly results on Wednesday, October 27th. The industrial products company reported $ 0.67 EPS for the quarter, missing Zacks’ consensus estimate of $ 0.73 ($ 0.06). Terex had a return on equity of 17.65% and a net margin of 4.88%. The company had revenue of $ 993.80 million for the quarter, compared to analyst expectations of $ 1.01 billion. For the same period last year, the company had earnings per share of $ 0.31. The company’s revenue increased 29.8% year over year for the quarter. Stock analysts predict that Terex will achieve earnings per share of 2.8 for the current fiscal year.

In related news, insider Simon Meester sold 3,127 shares in the company in a transaction on Monday, November 1st. The stock sold at an average price of $ 47.26 for a total transaction of $ 147,782.02. The sale was announced in a legal filing with the Securities & Exchange Commission, available from via the SEC website. Also CAO Stephen Johnston sold 2,031 shares in the company in a transaction on Monday, November 8th. The stock sold at an average price of $ 50.72 for a total value of $ 103,012.32. The disclosure for this sale can be found here. Insiders sold a total of 34,490 shares in the company last quarter, valued at $ 1,690,116. Company insiders own 2.90% of the company’s shares.

Institutional investors recently added or reduced their stake in the company. Commonwealth Equity Services LLC increased its stake in Terex by 28.6% in the second quarter. Commonwealth Equity Services LLC now owns 6,392 shares in the industrial products company valued at $ 304,000 after purchasing 1,421 additional shares last quarter. Manufacturers Life Insurance Company increased its stake in Terex by 11.0% in the second quarter. Manufacturers Life Insurance Company now owns 179,251 shares in the industrial products company valued at $ 8,536,000 after purchasing an additional 17,819 shares last quarter. Cullen Frost Bankers Inc. acquired a new stake in Terex for approximately $ 48,000 in the second quarter. Price T Rowe Associates Inc. MD increased its stake in Terex by 3,044.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,213,285 shares in the industrial products company valued at $ 57,777,000, after purchasing an additional 1,174,694 shares last quarter. Finally, Morgan Stanley increased its stake in Terex by 56.1% in the second quarter. Morgan Stanley now owns 525,891 shares in the industrial products company, valued at $ 25,042,000, after purchasing an additional 188,984 shares last quarter. Institutional investors own 84.54% of the company’s shares.

Terex company profile

Terex Corp. is active in the manufacture of aerial work platforms, cranes and material processing machines. The company designs, builds, and supports products used in construction, maintenance, manufacturing, energy, minerals, and materials management applications. It operates in the following segments: aerial work platforms and material processing.

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Analyst recommendations for Terex (NYSE: TEX)

This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

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