Terex (NYSE:TEX) Price Target Raised to $52.00

Terex (NYSE:TEX - Get Free Report) had its price target hoisted by analysts at UBS Group from $48.00 to $52.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. UBS Group's price objective suggests a potential downside of 2.84% from the company's current price.

A number of other equities analysts also recently weighed in on the company. Baird R W upgraded Terex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Wall Street Zen raised shares of Terex from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price target on shares of Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Evercore ISI increased their price objective on Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Citigroup lowered their target price on Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Seven investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $51.80.

Terex Stock Up 4.6%

TEX stock traded up $2.35 during trading on Thursday, reaching $53.52. The stock had a trading volume of 1,938,574 shares, compared to its average volume of 926,692. Terex has a 1-year low of $31.53 and a 1-year high of $68.08. The firm has a fifty day moving average price of $45.88 and a 200 day moving average price of $43.16. The company has a current ratio of 2.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $3.55 billion, a P/E ratio of 14.58, a PEG ratio of 5.28 and a beta of 1.58.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate 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 company's quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.60 EPS. On average, equities analysts anticipate that Terex will post 4.83 earnings per share for the current year.

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,389 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the transaction, the insider directly owned 38,755 shares in the company, valued at approximately $1,579,266.25. This trade represents a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Terex

A number of hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. increased its position 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 worth $28,000 after buying an additional 332 shares during the period. Rise Advisors LLC lifted its stake in shares of Terex by 65.3% in the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 241 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Terex during the 4th quarter valued at about $29,000. Private Trust Co. NA boosted its position in shares of Terex by 128.0% during the 1st 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 in the last quarter. Finally, Strs Ohio acquired a new stake in Terex during the first quarter worth approximately $30,000. 92.88% of the stock is currently owned by institutional investors.

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.

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