Terex Corporation (NYSE:TEX) Receives $59.18 Average Price Target from Analysts

Terex Corporation (NYSE:TEX) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $59.90.

A number of equities research analysts have recently issued reports on TEX shares. Morgan Stanley upgraded Terex from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $47.00 to $60.00 in a research note on Wednesday, December 10th. Wall Street Zen cut Terex from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. Citigroup lifted their price target on Terex from $52.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company upped their price target on shares of Terex from $50.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd.

Terex Price Performance

Terex stock opened at $61.49 on Thursday. The business’s 50-day simple moving average is $56.41 and its 200 day simple moving average is $52.50. The company has a quick ratio of 1.20, a current ratio of 2.15 and a debt-to-equity ratio of 1.28. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 5.66 and a beta of 1.68. Terex has a 12-month low of $31.53 and a 12-month high of $66.18.

Institutional Trading of Terex

A number of institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp increased its stake in shares of Terex by 3.1% in the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 225 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in Terex by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock valued at $494,000 after buying an additional 228 shares in the last quarter. Bessemer Group Inc. grew its position in Terex by 56.4% in the second quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 259 shares during the last quarter. Waterfront Wealth Inc. raised its stake in Terex by 0.7% during the third quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock worth $2,106,000 after acquiring an additional 260 shares in the last quarter. Finally, Drum Hill Capital LLC lifted its holdings in shares of Terex by 0.6% in the fourth quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock worth $2,566,000 after acquiring an additional 278 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Terex Company Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.