Terex (NYSE:TEX) Stock Price Expected to Rise, Truist Financial Analyst Says

Terex (NYSE:TEX) had its price target raised by research analysts at Truist Financial from $50.00 to $55.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price target would indicate a potential upside of 10.46% from the company’s previous close.

A number of other analysts also recently issued reports on TEX. Baird R W upgraded Terex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. UBS Group upgraded Terex from a “sell” rating to a “neutral” rating and lifted their price target for the company from $34.00 to $48.00 in a research report on Friday, May 16th. Citigroup dropped their price target on Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Evercore ISI lifted their price target on Terex from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. lifted their price target on Terex from $43.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, June 10th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Terex presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.40.

Terex Stock Down 0.3%

TEX stock opened at $49.79 on Thursday. The company has a quick ratio of 1.07, a current ratio of 2.11 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $3.30 billion, a PE ratio of 13.57, a PEG ratio of 5.24 and a beta of 1.58. Terex has a twelve month low of $31.53 and a twelve month high of $68.08. The stock has a 50-day simple moving average of $44.99 and a two-hundred day simple moving average of $43.05.

Terex (NYSE:TEX) last posted its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.26. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.26 billion. Terex had a return on equity of 18.79% and a net margin of 4.89%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 EPS. On average, equities analysts predict that Terex will post 4.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Joshua Gross sold 5,389 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the sale, the insider owned 38,755 shares in the company, valued at $1,579,266.25. The trade was a 12.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Institutional Trading of Terex

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Neo Ivy Capital Management bought a new stake in Terex in the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp bought a new stake in Terex in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC lifted its position in Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 222 shares during the last quarter. UMB Bank n.a. lifted its position in Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 332 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in Terex by 128.0% in the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 434 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

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.