Media coverage about Terex (NYSE:TEX) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Terex earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.5259493477565 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Terex Co. (TEX) Insider Purchases $12,748.05 in Stock (americanbankingnews.com)
- Terex (TEX) Beats on Q2 Earnings & Revenues, Raises ’18 View (msn.com)
- Q3 2019 Earnings Forecast for Terex Co. (TEX) Issued By KeyCorp (americanbankingnews.com)
- Q3 2018 Earnings Forecast for Terex Co. Issued By Seaport Global Securities (TEX) (americanbankingnews.com)
- Terex’s Post-Earnings Sell-Off Doesn’t Make Sense (seekingalpha.com)
Terex opened at $37.88 on Friday, Marketbeat Ratings reports. The company has a current ratio of 2.11, a quick ratio of 1.19 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $2.86 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62. Terex has a 1-year low of $35.30 and a 1-year high of $50.17.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Thursday, August 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.06%. Terex’s dividend payout ratio (DPR) is 29.63%.
Terex declared that its board has approved a stock buyback plan on Thursday, July 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the industrial products company to purchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
TEX has been the subject of a number of recent research reports. TheStreet raised Terex from a “c” rating to a “b” rating in a research note on Tuesday, May 1st. Vertical Research upgraded Terex from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Seaport Global Securities upgraded Terex from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a report on Wednesday, April 18th. Wells Fargo & Co set a $45.00 target price on Terex and gave the company a “buy” rating in a report on Monday, April 16th. Finally, Jefferies Financial Group upgraded Terex from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.00.
In other Terex news, SVP Brian J. Henry sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $42.98, for a total transaction of $214,900.00. Following the completion of the sale, the senior vice president now directly owns 330,157 shares in the company, valued at $14,190,147.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric I. Cohen sold 12,502 shares of the company’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $40.40, for a total value of $505,080.80. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,079 shares of company stock valued at $45,136 and sold 38,716 shares valued at $1,593,207. Corporate insiders own 3.50% of the company’s stock.
Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.
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