Terex (NYSE:TEX) had its price objective trimmed by UBS Group from $34.00 to $31.00 in a report published on Thursday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the industrial products company’s stock.
Other research analysts have also issued research reports about the company. Barclays reissued a hold rating and issued a $33.00 target price on shares of Terex in a research report on Monday, July 15th. ValuEngine raised Terex from a strong sell rating to a sell rating in a research report on Friday, August 2nd. Royal Bank of Canada set a $35.00 target price on Terex and gave the stock a hold rating in a research report on Wednesday, July 31st. Evercore ISI reissued an in-line rating and issued a $31.00 target price (down previously from $40.00) on shares of Terex in a research report on Friday, May 31st. Finally, BMO Capital Markets decreased their target price on Terex to $30.00 and set a market perform rating for the company in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $33.33.
TEX opened at $27.65 on Thursday. Terex has a one year low of $22.91 and a one year high of $42.74. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.89 and a beta of 1.77. The business has a 50 day simple moving average of $26.39 and a two-hundred day simple moving average of $29.99. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.21 and a quick ratio of 1.43.
Terex (NYSE:TEX) last announced its earnings results on Monday, July 29th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.13). Terex had a return on equity of 27.40% and a net margin of 0.29%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Terex will post 3.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Monday, August 12th will be paid a $0.11 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.44 annualized dividend and a dividend yield of 1.59%. Terex’s payout ratio is currently 16.24%.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Terex by 22.7% in the 2nd quarter. BlackRock Inc. now owns 7,024,611 shares of the industrial products company’s stock worth $220,572,000 after buying an additional 1,301,760 shares during the last quarter. Natixis purchased a new stake in shares of Terex in the 2nd quarter worth approximately $2,195,000. Delphi Management Inc. MA grew its stake in shares of Terex by 5.2% in the 2nd quarter. Delphi Management Inc. MA now owns 37,820 shares of the industrial products company’s stock worth $1,188,000 after buying an additional 1,881 shares during the last quarter. Prudential PLC grew its stake in shares of Terex by 0.5% in the 2nd quarter. Prudential PLC now owns 2,558,400 shares of the industrial products company’s stock worth $80,334,000 after buying an additional 11,700 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Terex by 23.6% in the 2nd quarter. Royal Bank of Canada now owns 63,276 shares of the industrial products company’s stock worth $1,986,000 after buying an additional 12,084 shares during the last quarter. Institutional investors own 88.31% of the company’s stock.
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.
Featured Story: What are gap-up stocks?
Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.