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.

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.

Featured Stories

• Get a free copy of the StockNews.com research report on Terex (TEX)
• MarketBeat Week in Review – 3/13 – 3/17
• This Small Tech With Big Growth Prospects Is Nearing A Buy Point
• Don't Chase FedEx Higher, Wait For The Pullback
• 3 Stocks For A Defensive Tech Portfolio
• Milk the Dividends on These 3 Cash Cows

Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.