JPMorgan Chase & Co. Has Lowered Expectations for Terex (NYSE:TEX) Stock Price

Terex (NYSE:TEX) had its price target decreased by JPMorgan Chase & Co. from $51.00 to $48.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 21.44% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Citigroup lowered their target price on Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday. Truist Financial lowered their target price on Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Barclays decreased their price objective on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Finally, Evercore ISI decreased their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $55.33.

Terex Trading Down 1.9 %

Terex stock opened at $39.53 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. Terex has a one year low of $36.15 and a one year high of $68.08. The stock has a market capitalization of $2.62 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The business’s fifty day moving average is $44.53 and its 200 day moving average is $49.30.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned $1.88 EPS. On average, sell-side analysts predict that Terex will post 4.83 EPS for the current year.

Insider Buying and Selling at Terex

In other news, Director Andra Rush purchased 1,325 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now directly owns 23,308 shares of the company’s stock, valued at $861,463.68. This represents a 6.03 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Terex

Institutional investors have recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new position in Terex during the 4th quarter valued at approximately $29,000. Jones Financial Companies Lllp purchased a new position in shares of Terex in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its holdings in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Terex in the 3rd quarter worth approximately $40,000. Finally, Truvestments Capital LLC purchased a new position in shares of Terex in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.