Terex Corporation (NYSE:TEX)‘s stock had its “hold” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research note issued on Wednesday. They presently have a $38.00 price target on the industrial products company’s stock. Royal Bank Of Canada’s target price indicates a potential downside of 11.07% from the company’s current price.

A number of other equities analysts have also commented on the company. OTR Global lowered Terex Corporation to a “positive” rating in a research note on Wednesday. BMO Capital Markets restated a “hold” rating and set a $35.00 price objective on shares of Terex Corporation in a research note on Monday, August 21st. UBS AG restated a “buy” rating and set a $44.00 price objective (up previously from $40.00) on shares of Terex Corporation in a research note on Tuesday, August 8th. Deutsche Bank AG set a $44.00 price objective on Terex Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, TheStreet upgraded Terex Corporation from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.94.

Shares of Terex Corporation (NYSE:TEX) traded up 2.40% during mid-day trading on Wednesday, reaching $42.73. The company’s stock had a trading volume of 2,681,811 shares. Terex Corporation has a 52-week low of $21.88 and a 52-week high of $42.91. The firm’s market cap is $3.82 billion. The firm has a 50 day moving average price of $38.64 and a 200 day moving average price of $34.96.

Terex Corporation (NYSE:TEX) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. Terex Corporation had a positive return on equity of 4.98% and a negative net margin of 1.76%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities analysts predict that Terex Corporation will post $1.15 EPS for the current fiscal year.

Terex Corporation declared that its Board of Directors has initiated a stock buyback plan on Tuesday, May 30th that allows the company to repurchase $280.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 8.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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In related news, SVP Kevin Bradley sold 3,000 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $37.30, for a total transaction of $111,900.00. Following the sale, the senior vice president now owns 51,612 shares in the company, valued at approximately $1,925,127.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brian J. Henry sold 10,154 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $406,160.00. Following the sale, the senior vice president now owns 313,263 shares in the company, valued at approximately $12,530,520. The disclosure for this sale can be found here. In the last quarter, insiders bought 4,202 shares of company stock worth $159,449 and sold 84,878 shares worth $3,295,017. Company insiders own 2.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in Terex Corporation by 11,851.5% during the 1st quarter. BlackRock Inc. now owns 8,449,356 shares of the industrial products company’s stock worth $265,310,000 after acquiring an additional 8,378,659 shares during the last quarter. Vanguard Group Inc. grew its position in Terex Corporation by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 7,999,378 shares of the industrial products company’s stock worth $251,180,000 after acquiring an additional 22,797 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Terex Corporation by 17.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,444,169 shares of the industrial products company’s stock worth $202,346,000 after acquiring an additional 943,237 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Terex Corporation by 51.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company’s stock worth $135,913,000 after acquiring an additional 1,224,422 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Terex Corporation by 6.6% during the 2nd quarter. Alliancebernstein L.P. now owns 3,298,490 shares of the industrial products company’s stock worth $123,693,000 after acquiring an additional 202,899 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

About Terex Corporation

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.

Analyst Recommendations for Terex Corporation (NYSE:TEX)

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