Terex Co. (NYSE:TEX) – Stock analysts at KeyCorp upped their FY2020 EPS estimates for Terex in a report released on Tuesday, January 14th. KeyCorp analyst S. Barger now anticipates that the industrial products company will earn $1.99 per share for the year, up from their previous estimate of $1.82.
Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut Terex from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 31st. Deutsche Bank raised Terex from a “sell” rating to a “hold” rating and raised their target price for the company from $20.00 to $31.00 in a research note on Tuesday, December 17th. ValuEngine cut Terex from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Goldman Sachs Group raised Terex from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.00 to $37.00 in a research note on Friday, November 8th. Finally, Zacks Investment Research raised Terex from a “strong sell” rating to a “hold” rating and set a $32.00 target price for the company in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $30.20.
NYSE:TEX opened at $28.01 on Friday. Terex has a 1 year low of $22.84 and a 1 year high of $38.57. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.89 and a beta of 1.77. The business has a fifty day moving average of $29.25 and a 200-day moving average of $27.91. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.28 and a current ratio of 2.21.
Terex (NYSE:TEX) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.01). Terex had a positive return on equity of 29.17% and a negative net margin of 0.07%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the company posted $1.08 EPS. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year.
In other news, insider Kevin A. Barr sold 9,112 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $28.55, for a total transaction of $260,147.60. Following the completion of the sale, the insider now directly owns 99,129 shares of the company’s stock, valued at $2,830,132.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Matthew Fearon sold 26,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $28.24, for a total value of $734,240.00. Following the sale, the insider now directly owns 92,702 shares of the company’s stock, valued at $2,617,904.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 1,044 shares of company stock valued at $30,077 and have sold 50,051 shares valued at $1,428,301. Corporate insiders own 4.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in TEX. First Trust Advisors LP lifted its holdings in shares of Terex by 222.7% during the first quarter. First Trust Advisors LP now owns 67,715 shares of the industrial products company’s stock valued at $2,176,000 after purchasing an additional 46,730 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Terex by 46.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 459,275 shares of the industrial products company’s stock worth $14,422,000 after acquiring an additional 146,378 shares in the last quarter. LPL Financial LLC purchased a new stake in Terex in the 2nd quarter worth about $258,000. Northern Trust Corp lifted its stake in Terex by 5.3% in the 2nd quarter. Northern Trust Corp now owns 574,539 shares of the industrial products company’s stock worth $18,041,000 after acquiring an additional 29,142 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Terex by 6.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 324,660 shares of the industrial products company’s stock worth $10,194,000 after acquiring an additional 20,660 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.
Terex Company Profile
Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.
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