Terex Corporation (NYSE:TEX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Terex Corporation (NYSE:TEX) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $59.1818.

Several research analysts have issued reports on TEX shares. Citigroup lifted their target price on shares of Terex from $52.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Wells Fargo & Company boosted their price objective on shares of Terex from $50.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. UBS Group cut their target price on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Raymond James Financial upgraded Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Monday, October 27th. Finally, Morgan Stanley raised Terex from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $47.00 to $60.00 in a research report on Wednesday, December 10th.

Terex Price Performance

TEX opened at $64.35 on Thursday. The firm has a market cap of $4.22 billion, a PE ratio of 27.38, a P/E/G ratio of 5.70 and a beta of 1.68. The stock has a 50-day moving average price of $55.45 and a 200-day moving average price of $52.24. Terex has a 1 year low of $31.53 and a 1 year high of $66.18. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.15 and a quick ratio of 1.20.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its holdings in Terex by 1,086.3% in the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock worth $9,674,000 after purchasing an additional 234,470 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Terex by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after buying an additional 2,841 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Terex by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after acquiring an additional 40,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Terex by 0.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock worth $7,375,000 after acquiring an additional 1,597 shares during the period. Finally, Intech Investment Management LLC increased its position in Terex by 47.4% during the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after acquiring an additional 14,629 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

About Terex

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.