Terex (NYSE:TEX) Price Target Lowered to $59.00 at Evercore ISI

Terex (NYSE:TEX) had its price objective lowered by analysts at Evercore ISI from $63.00 to $59.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Evercore ISI’s target price points to a potential upside of 25.77% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Truist Financial reduced their price target on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Citigroup reduced their price target on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Barclays reduced their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. reduced their price target on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Robert W. Baird reduced their target price on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.11.

Terex Stock Performance

Terex stock traded down $0.65 during trading hours on Wednesday, hitting $46.91. 150,107 shares of the stock traded hands, compared to its average volume of 795,844. Terex has a 1 year low of $43.23 and a 1 year high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 4.53 and a beta of 1.54. The firm’s 50 day moving average price is $46.56 and its 200-day moving average price is $51.09.

Terex (NYSE:TEX) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same period in the prior year, the business earned $1.88 EPS. As a group, equities analysts expect that Terex will post 4.83 EPS for the current fiscal year.

Insider Activity at Terex

In related news, CEO Simon Meester sold 9,877 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total value of $505,109.78. Following the transaction, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Sachs bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the transaction, the director now directly owns 137,500 shares in the company, valued at approximately $6,840,625. This trade represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Neo Ivy Capital Management purchased a new position in shares of Terex in the 4th quarter worth $29,000. Jones Financial Companies Lllp acquired a new stake in Terex in the 4th quarter valued at $31,000. Smartleaf Asset Management LLC increased its holdings in Terex by 46.1% in the 4th 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Terex in the 3rd quarter valued at $40,000. Finally, Truvestments Capital LLC acquired a new stake in Terex in the 3rd quarter valued at $41,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

About Terex

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.