JPMorgan Chase & Co. Issues Positive Forecast for Terex (NYSE:TEX) Stock Price

Terex (NYSE:TEX) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $43.00 to $50.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 4.93% from the company’s previous close.

Several other equities analysts have also commented on TEX. Robert W. Baird raised shares of Terex from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $48.00 to $66.00 in a research report on Tuesday, May 13th. Citigroup lowered their price objective on shares of Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Baird R W upgraded Terex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 13th. The Goldman Sachs Group upgraded Terex from a “neutral” rating to a “buy” rating and lifted their target price for the company from $45.00 to $60.00 in a report on Tuesday, May 27th. Finally, Morgan Stanley lowered their price target on Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Terex has an average rating of “Hold” and an average price target of $50.90.

Terex Stock Performance

NYSE TEX opened at $47.65 on Tuesday. The business’s 50-day moving average price is $40.22 and its 200 day moving average price is $43.66. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex has a twelve month low of $31.53 and a twelve month high of $68.08. The company has a market capitalization of $3.16 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 4.53 and a beta of 1.60.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.26. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. Terex had a net margin of 6.54% and a return on equity of 21.99%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 EPS. On average, research analysts predict that Terex will post 4.83 earnings per share for the current year.

Insider Transactions at Terex

In other news, insider Joshua Gross sold 5,389 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction of $219,601.75. Following the transaction, the insider now directly owns 38,755 shares of the company’s stock, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Terex by 83.0% during the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 332 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Terex in the fourth quarter valued at about $29,000. Private Trust Co. NA boosted its holdings in Terex by 128.0% in the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 434 shares during the last quarter. Strs Ohio acquired a new stake in Terex during the 1st quarter valued at approximately $30,000. Finally, Jones Financial Companies Lllp purchased a new stake in Terex during the 4th quarter worth approximately $31,000. 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.