Terex Given Average Recommendation of “Hold” by Analysts (NYSE:TEX)
Shares of Terex (NYSE:TEX) have been given an average rating of “Hold” by the fourteen ratings firms that are covering the company, Stock Ratings Network reports. Eight analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $46.46.
TEX has been the subject of a number of recent research reports. Analysts at Global Hunter Securities initiated coverage on shares of Terex in a research note on Thursday, June 19th. They set an “accumulate” rating and a $47.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Terex from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 21st. They now have a $41.00 price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Terex in a research note on Friday, May 2nd. They now have a $50.00 price target on the stock.
Shares of Terex (NYSE:TEX) opened at 39.62 on Friday. Terex has a 52 week low of $27.91 and a 52 week high of $45.46. The stock’s 50-day moving average is $39.99 and its 200-day moving average is $41.22. The company has a market cap of $4.370 billion and a P/E ratio of 19.28.
Terex (NYSE:TEX) last announced its earnings results on Wednesday, April 30th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.07. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.70 billion. Analysts expect that Terex will post $2.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Thursday, August 7th.
Terex Corporation is a diversified global equipment manufacturer of machinery products. The Company is focused on delivering reliable, customer-driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, shipping, transportation, refining, energy and utility industries.
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