Terex (NYSE:TEX) Given New $55.00 Price Target at Truist Financial

Terex (NYSE:TEX - Get Free Report) had its target price raised by equities researchers at Truist Financial from $50.00 to $55.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Truist Financial's price objective would suggest a potential upside of 10.46% from the stock's current price.

Other research analysts have also issued research reports about the stock. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Wall Street Zen raised shares of Terex from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Morgan Stanley dropped their price target on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Evercore ISI raised their price objective on shares of Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, UBS Group raised shares of Terex from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $34.00 to $48.00 in a report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $51.40.

Terex Stock Performance

TEX stock traded down $0.14 during mid-day trading on Thursday, reaching $49.79. 492,956 shares of the stock traded hands, compared to its average volume of 922,046. The business has a 50-day moving average of $44.99 and a two-hundred day moving average of $43.02. The firm has a market capitalization of $3.30 billion, a PE ratio of 13.57, a P/E/G ratio of 5.24 and a beta of 1.58. The company has a quick ratio of 1.07, a current ratio of 2.11 and a debt-to-equity ratio of 1.40. Terex has a 52 week low of $31.53 and a 52 week high of $68.08.

Terex (NYSE:TEX - Get Free Report) last announced 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 business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.26 billion. Terex had a net margin of 4.89% and a return on equity of 18.79%. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 earnings per share. As a group, equities analysts predict that Terex will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling at Terex

In related news, insider Joshua Gross sold 5,389 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the sale, the insider owned 38,755 shares of the company's stock, valued at $1,579,266.25. This trade represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Terex

Hedge funds and other institutional investors have recently modified their holdings of the stock. Neo Ivy Capital Management acquired a new stake in shares of Terex in the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp acquired a new stake in shares of Terex in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC boosted its stake in Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 222 shares during the last quarter. UMB Bank n.a. boosted its stake in Terex by 83.0% in 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 during the last quarter. Finally, Private Trust Co. NA boosted its stake 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 acquiring an additional 434 shares during the last quarter. Institutional investors and hedge funds 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.