Robert W. Baird Lowers Terex (NYSE:TEX) Price Target to $55.00

Terex (NYSE:TEX) had its price objective lowered by research analysts at Robert W. Baird from $65.00 to $55.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price objective indicates a potential upside of 6.98% from the stock’s current price.

A number of other research firms also recently issued reports on TEX. Evercore ISI cut their price objective on shares of Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Truist Financial reduced their price objective on shares of Terex from $63.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. The Goldman Sachs Group dropped their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Citigroup reduced their target price on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $59.22.

Terex Trading Down 0.6 %

NYSE:TEX opened at $51.41 on Thursday. Terex has a one year low of $46.94 and a one year high of $68.08. The company has a market cap of $3.43 billion, a PE ratio of 7.51, a PEG ratio of 4.28 and a beta of 1.53. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.07. The firm has a 50-day moving average of $53.29 and a 200-day moving average of $56.09.

Terex (NYSE:TEX) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.19. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $1.75 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities research analysts expect that Terex will post 5.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Terex

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Terex by 57.5% during the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 187 shares during the period. GAMMA Investing LLC boosted its holdings in Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after buying an additional 335 shares during the period. FinTrust Capital Advisors LLC grew its stake in Terex by 202.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $45,000 after buying an additional 465 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Terex by 74.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 504 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Terex during the second quarter worth $109,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

About Terex

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.