Terex (NYSE:TEX) Rating Lowered to Neutral at Bank of America
Terex (NYSE:TEX) Rating Lowered to Neutral at Bank of America
Terex (NYSE:TEX – Get Rating) was downgraded by investment analysts at Bank of America from a "buy" rating to a "neutral" rating in a report released on Friday, Marketbeat reports. They presently have a $54.00 price objective on the industrial products company's stock, down from their previous price objective of $66.00. Bank of America's target price indicates a potential upside of 19.18% from the stock's previous close.
TEX has been the topic of a number of other reports. KeyCorp lifted their price target on Terex from $56.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday, February 13th. Deutsche Bank Aktiengesellschaft boosted their target price on Terex from $40.00 to $51.00 and gave the stock a "hold" rating in a research report on Monday, February 13th. Barclays boosted their target price on Terex from $38.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Monday, February 13th. Stifel Nicolaus boosted their target price on Terex from $54.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, January 20th. Finally, The Goldman Sachs Group boosted their target price on Terex from $39.00 to $43.00 and gave the stock a "neutral" rating in a research report on Thursday, December 15th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $55.45.
Get Terex alerts:Terex Stock Down 8.8 %
Terex stock opened at $45.31 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.96 and a quick ratio of 0.97. Terex has a 1-year low of $26.64 and a 1-year high of $60.85. The company has a market cap of $3.06 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.54 and a beta of 1.67. The stock's 50 day moving average price is $52.65 and its 200 day moving average price is $43.41.
Terex (NYSE:TEX – Get Rating) last posted its quarterly earnings results on Friday, February 10th. The industrial products company reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.21. Terex had a return on equity of 27.44% and a net margin of 6.79%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company's revenue for the quarter was up 23.0% compared to the same quarter last year. On average, sell-side analysts predict that Terex will post 4.89 EPS for the current fiscal year.
Terex declared that its board has approved a stock buyback plan on Monday, December 19th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the industrial products company to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.
Insider Activity at Terex
In related news, CEO John L. Garrison, Jr. sold 9,904 shares of the company's stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $60.01, for a total value of $594,339.04. Following the completion of the transaction, the chief executive officer now directly owns 456,019 shares in the company, valued at $27,365,700.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO John L. Garrison, Jr. sold 9,904 shares of the company's stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $60.01, for a total value of $594,339.04. Following the completion of the transaction, the chief executive officer now directly owns 456,019 shares in the company, valued at $27,365,700.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Sachs sold 13,000 shares of the company's stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $55.50, for a total value of $721,500.00. Following the sale, the director now owns 394,994 shares of the company's stock, valued at $21,922,167. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 374,481 shares of company stock worth $21,446,276. 2.90% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Terex
Several institutional investors and hedge funds have recently added to or reduced their stakes in TEX. Bessemer Group Inc. increased its stake in Terex by 130.6% during the third quarter. Bessemer Group Inc. now owns 934 shares of the industrial products company's stock worth $28,000 after acquiring an additional 529 shares during the last quarter. PrairieView Partners LLC acquired a new stake in Terex during the third quarter worth about $30,000. Ronald Blue Trust Inc. increased its stake in Terex by 60.9% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,163 shares of the industrial products company's stock worth $35,000 after acquiring an additional 440 shares during the last quarter. Money Concepts Capital Corp purchased a new stake in shares of Terex in the fourth quarter worth about $47,000. Finally, Wipfli Financial Advisors LLC purchased a new stake in shares of Terex in the third quarter worth about $50,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.
Terex Company Profile
(Get Rating)
Terex Corp. engages in the manufacturing of aerial work platforms, cranes, and materials processing machinery. It operates through the Material Processing and Aerial Work Platforms segments. The Materials Processing segment designs, manufactures, services and markets materials processing and equipment, including crushers, washing systems, screens, 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 their related components and replacement parts.
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特雷克斯(紐約證券交易所股票代碼:TeX-Get Rating)據Marketbeat報道,在週五發佈的一份報告中,美國銀行的投資分析師將其評級從買入下調至中性。他們目前對這家工業產品公司的股票設定了54.00美元的目標價,低於之前66.00美元的目標價。美國銀行的目標價顯示,該股較前一交易日收盤價可能上漲19.18%。
德克薩斯一直是其他一些報道的主題。KeyCorp在2月13日週一的一份研究報告中將Terex的目標價從56.00美元上調至72.00美元,並給予該公司“增持”評級。德意志銀行Aktiengesellschaft在2月13日(星期一)的一份研究報告中將Terex的目標價從40.00美元上調至51.00美元,並給予該股“持有”評級。巴克萊在2月13日週一的一份研究報告中將Terex的目標價從38.00美元上調至56.00美元,並給予該股“同等權重”的評級。Stifel Nicolaus在1月20日(週五)的一份研究報告中將Terex的目標價從54.00美元上調至57.00美元,並給予該股“買入”評級。最後,高盛夫婦將特雷克斯股票的目標價從39.00美元上調至43.00美元,並在12月15日(星期四)的一份研究報告中給予該股“中性”評級。8名研究分析師對該股的評級為持有,4名分析師對該公司的評級為買入。根據MarketBeat的數據,該股目前的平均評級為持有,平均目標價為55.45美元。
到達特雷克斯警報:特雷克斯股價下跌8.8%
特雷克斯股票上週五開盤報45.31美元。該公司的債務權益比為0.65,流動比率為1.96,速動比率為0.97。特雷克斯的一年低點為26.64美元,一年高位為60.85美元。該公司市值為30.6億美元,本益比為10.44倍,本益比為0.54倍,貝塔係數為1.67。該股的50日移動均線價格為52.65美元,200日移動均線價格為43.41美元。
特雷克斯(紐約證券交易所代碼:TEX-GET Rating)最近一次公佈季度收益是在2月10日星期五。這家工業產品公司公佈本季度每股收益為1.34美元,比分析師普遍預期的1.13美元高出0.21美元。特雷克斯的股本回報率為27.44%,淨利潤率為6.79%。該公司本季度營收為12.2億美元,而市場普遍預期為11.億美元。去年同期,該業務每股收益為0.82美元。與去年同期相比,該公司本季度的收入增長了23.0%。賣方分析師平均預測,特雷克斯本財年每股收益將達到4.89歐元。
特雷克斯宣佈,董事會已於12月19日(星期一)批准了一項股票回購計劃,允許該公司回購1.5億美元的股票。這項回購授權允許工業產品公司通過公開市場購買最多5%的股票。股票回購計劃通常是公司管理層認為其股票被低估的跡象。
特雷克斯的內幕活動
在相關新聞中,首席執行官小約翰·L·加裡森。在3月2日星期四的一次交易中出售了9,904股公司股票。這只股票的平均售價為60.01美元,總價值為594,339.04美元。交易完成後,首席執行官現在直接擁有公司456,019股,價值27,365,700.19美元。這筆交易是在提交給美國證券交易委員會的一份法律檔案中披露的,該檔案可通過美國證券交易委員會網站。在相關新聞中,首席執行官小約翰·L·加裡森。在3月2日星期四的一次交易中出售了9,904股公司股票。這只股票的平均售價為60.01美元,總價值為594,339.04美元。交易完成後,首席執行官現在直接擁有公司456,019股,價值27,365,700.19美元。這筆交易是在提交給美國證券交易委員會的一份法律檔案中披露的,該檔案可通過美國證券交易委員會網站。此外,董事David A·薩克斯在日期為2月16日(星期四)的交易中出售了13,000股該公司股票。這只股票的平均售價為55.50美元,總價值為721,500.00美元。交易完成後,董事現在持有該公司394,994股股票,價值21,922,167美元。關於這次銷售的披露可以找到這裡。在過去的90天裡,內部人士賣出了374,481股公司股票,價值21,446,276美元。該公司2.90%的股份目前由內部人士持有。
機構投資者入股特雷克斯
幾家機構投資者和對沖基金最近增持或減持了德克薩斯的股份。貝塞默集團在第三季度增持了特雷克斯130.6%的股份。Bessemer Group Inc.在上個季度增持了529股Bessemer Group Inc.股票後,目前持有這家工業產品公司934股股票,價值2.8萬美元。PrairieView Partners LLC在第三季度收購了特雷克斯價值約3萬美元的新股份。羅納德·布魯信託公司(Ronald Blue Trust Inc.)第四季度增持特雷克斯股份60.9%。羅納德·布魯信託公司(Ronald Blue Trust Inc.)在上個季度增持了440股後,現在持有這家工業產品公司1,163股股票,價值35,000美元。Money Concepts Capital Corp在第四季度購買了價值約4.7萬美元的特雷克斯新股。最後,Wipfli Financial Advisors LLC在第三季度購買了價值約5萬美元的特雷克斯新股。87.37%的股票目前由機構投資者和對沖基金持有。
特雷克斯公司簡介
(獲取評級)
特雷克斯公司從事高空作業平臺、起重機和材料加工機械的製造。它通過材料加工和高空作業平臺部門進行運營。材料加工部門設計、製造、服務和營銷材料加工和設備,包括破碎機、洗滌系統、篩網、停機坪給料機、材料搬運機、拾取和搬運起重機、崎嶇地形起重機、塔式起重機、木材加工、生物質和回收設備、混凝土攪拌車和混凝土攤鋪機、傳送帶及其相關部件和替換部件。
專題報道
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