Terex (NYSE:TEX) Raised to “Sell” at ValuEngine

Terex (NYSE:TEX) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday, ValuEngine reports.

TEX has been the subject of a number of other research reports. UBS Group set a $34.00 price objective on shares of Terex and gave the company a “hold” rating in a research report on Wednesday. Evercore ISI reaffirmed an “in-line” rating and set a $31.00 price objective (down previously from $40.00) on shares of Terex in a research report on Friday, May 31st. Barclays reaffirmed a “hold” rating and set a $33.00 price objective on shares of Terex in a research report on Monday, July 15th. Bank of America reaffirmed an “underperform” rating and set a $28.00 price objective (down previously from $33.00) on shares of Terex in a research report on Thursday, May 2nd. Finally, TheStreet raised shares of Terex from a “c” rating to a “b-” rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $33.92.

Shares of Terex stock traded down $0.30 during trading on Friday, reaching $28.39. The company had a trading volume of 1,123,342 shares, compared to its average volume of 1,079,556. The firm has a market capitalization of $2.30 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The firm’s fifty day simple moving average is $30.40. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.41 and a current ratio of 2.21. Terex has a fifty-two week low of $25.47 and a fifty-two week high of $42.74.

Terex (NYSE:TEX) last announced its quarterly earnings data on Monday, July 29th. The industrial products company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.13). Terex had a net margin of 0.29% and a return on equity of 27.40%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company earned $0.98 EPS. Terex’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Terex will post 3.5 EPS for the current fiscal year.

In other Terex news, Director International Master F. Marcato sold 1,600,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $27.31, for a total value of $43,696,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders acquired 1,581 shares of company stock valued at $46,020. 4.00% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Gabelli Funds LLC increased its stake in shares of Terex by 8.3% during the 2nd quarter. Gabelli Funds LLC now owns 26,000 shares of the industrial products company’s stock worth $816,000 after purchasing an additional 2,000 shares during the last quarter. Minneapolis Portfolio Management Group LLC increased its stake in shares of Terex by 12.5% during the 2nd quarter. Minneapolis Portfolio Management Group LLC now owns 764,763 shares of the industrial products company’s stock worth $24,014,000 after purchasing an additional 85,205 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Terex by 7.7% during the 2nd quarter. Pzena Investment Management LLC now owns 3,471,316 shares of the industrial products company’s stock worth $108,999,000 after purchasing an additional 248,600 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Terex by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,983 shares of the industrial products company’s stock worth $784,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Pendal Group Ltd increased its stake in shares of Terex by 18.5% during the 2nd quarter. Pendal Group Ltd now owns 62,079 shares of the industrial products company’s stock worth $1,949,000 after purchasing an additional 9,705 shares during the last quarter. 90.84% of the stock is owned by institutional investors.

Terex Company Profile

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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Analyst Recommendations for Terex (NYSE:TEX)

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