Terex (NYSE:TEX) Price Target Raised to $50.00 at JPMorgan Chase & Co.

Terex (NYSE:TEXFree Report) had its price target lifted by JPMorgan Chase & Co. from $43.00 to $50.00 in a research note released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company’s stock.

A number of other research analysts have also recently issued reports on the stock. Truist Financial lifted their price target on shares of Terex from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Evercore ISI lifted their target price on shares of Terex from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Baird R W raised shares of 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 report on Wednesday, May 21st. Finally, Morgan Stanley decreased their target price on shares of Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $50.90.

Read Our Latest Analysis on TEX

Terex Trading Up 0.6%

Shares of NYSE TEX opened at $47.93 on Tuesday. Terex has a 1 year low of $31.53 and a 1 year high of $68.08. The stock has a market cap of $3.18 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 4.53 and a beta of 1.60. The firm has a 50-day moving average of $40.46 and a 200 day moving average of $43.69. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09.

Terex (NYSE:TEXGet Free Report) last issued its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.26. Terex had a net margin of 6.54% and a return on equity of 21.99%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the company posted $1.60 EPS. Terex’s revenue was down 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Terex will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. Terex’s dividend payout ratio is presently 18.53%.

Insider Transactions at Terex

In related news, insider Joshua Gross sold 5,389 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction of $219,601.75. Following the completion of the sale, the insider now directly owns 38,755 shares in the company, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

Several large investors have recently added to or reduced their stakes in TEX. UMB Bank n.a. grew its position in Terex by 83.0% during the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock valued at $28,000 after buying an additional 332 shares during the period. Neo Ivy Capital Management bought a new stake in Terex during the fourth quarter valued at approximately $29,000. Private Trust Co. NA boosted its position in shares of Terex by 128.0% in the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 434 shares during the period. Strs Ohio bought a new position in shares of Terex in the first quarter worth approximately $30,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Terex in the fourth quarter worth $31,000. 92.88% of the stock is currently owned by institutional investors.

About Terex

(Get Free Report)

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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Analyst Recommendations for Terex (NYSE:TEX)

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