Terex Co. (NYSE:TEX) had its price target raised by equities researchers at Barclays PLC from $25.00 to $26.00 in a report released on Wednesday. The brokerage presently has an “underweight” rating on the industrial products company’s stock. Barclays PLC’s price target indicates a potential downside of 19.88% from the stock’s previous close.
A number of other analysts have also recently commented on the company. OTR Global upgraded Terex to a “positive” rating in a research report on Friday, March 17th. Zacks Investment Research upgraded Terex from a “sell” rating to a “hold” rating in a research report on Saturday, March 25th. Deutsche Bank AG upgraded Terex from a “hold” rating to a “buy” rating and upped their price target for the stock from $36.00 to $37.00 in a research report on Monday, February 27th. Citigroup Inc initiated coverage on Terex in a research report on Monday, February 6th. They issued a “neutral” rating and a $36.00 price target for the company. Finally, Credit Suisse Group AG set a $38.00 price target on Terex and gave the stock a “buy” rating in a research report on Saturday, February 25th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Terex has an average rating of “Hold” and a consensus price target of $30.06.
Shares of Terex (NYSE:TEX) traded up 1.06% during midday trading on Wednesday, hitting $32.45. The stock had a trading volume of 1,380,286 shares. The stock’s 50-day moving average is $31.13 and its 200-day moving average is $29.76. The stock’s market cap is $3.44 billion. Terex has a 12 month low of $18.91 and a 12 month high of $33.87.
Terex (NYSE:TEX) last posted its quarterly earnings data on Tuesday, February 21st. The industrial products company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.12. The company earned $974.70 million during the quarter, compared to analysts’ expectations of $918.81 million. Terex had a return on equity of 7.39% and a net margin of 2.01%. Terex’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. Equities analysts anticipate that Terex will post $0.82 EPS for the current year.
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In related news, SVP Kevin Bradley sold 10,000 shares of the stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $33.00, for a total transaction of $330,000.00. Following the completion of the transaction, the senior vice president now directly owns 99,612 shares of the company’s stock, valued at $3,287,196. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Steve Filipov sold 5,215 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $30.14, for a total value of $157,180.10. Following the transaction, the insider now directly owns 137,425 shares of the company’s stock, valued at $4,141,989.50. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 472 shares of company stock valued at $14,999 and have sold 60,215 shares valued at $1,880,330. 3.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Creative Planning raised its stake in Terex by 3.4% in the first quarter. Creative Planning now owns 9,221 shares of the industrial products company’s stock valued at $290,000 after buying an additional 307 shares during the last quarter. Capstone Asset Management Co. raised its stake in Terex by 2.8% in the first quarter. Capstone Asset Management Co. now owns 14,248 shares of the industrial products company’s stock valued at $447,000 after buying an additional 390 shares during the last quarter. US Bancorp DE raised its stake in Terex by 6.8% in the third quarter. US Bancorp DE now owns 6,979 shares of the industrial products company’s stock valued at $177,000 after buying an additional 444 shares during the last quarter. LS Investment Advisors LLC raised its stake in Terex by 7.0% in the third quarter. LS Investment Advisors LLC now owns 7,113 shares of the industrial products company’s stock valued at $181,000 after buying an additional 465 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Terex by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 26,700 shares of the industrial products company’s stock valued at $838,000 after buying an additional 500 shares during the last quarter. 84.32% of the stock is owned by institutional investors.
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.
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