Terex (NYSE:TEX) Given a $37.00 Price Target at Barclays

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Barclays set a $37.00 price target on Terex (NYSE:TEX) in a research report released on Wednesday, January 23rd. The brokerage currently has a hold rating on the industrial products company’s stock.

A number of other analysts have also recently weighed in on the stock. Credit Suisse Group reiterated a buy rating and set a $37.00 price target on shares of Terex in a research note on Tuesday, January 22nd. Zacks Investment Research cut shares of Terex from a buy rating to a hold rating in a research note on Tuesday, January 15th. ValuEngine cut shares of Terex from a hold rating to a sell rating in a research note on Friday, December 7th. BMO Capital Markets reduced their price objective on shares of Terex to $35.00 and set a market perform rating for the company in a research note on Monday, November 19th. Finally, TheStreet cut shares of Terex from a b rating to a c+ rating in a research note on Friday, November 2nd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $37.58.

Shares of NYSE TEX traded up $1.03 during mid-day trading on Wednesday, reaching $32.94. The company had a trading volume of 1,099,057 shares, compared to its average volume of 856,881. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.22 and a quick ratio of 1.14. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 0.26 and a beta of 1.62. Terex has a 52-week low of $25.47 and a 52-week high of $45.47.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Friday, March 8th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.34%. This is an increase from Terex’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, March 7th. Terex’s payout ratio is presently 29.63%.

A number of institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. grew its holdings in Terex by 0.3% in the fourth quarter. American International Group Inc. now owns 132,253 shares of the industrial products company’s stock valued at $3,646,000 after purchasing an additional 357 shares during the period. Gamco Investors INC. ET AL lifted its position in Terex by 4.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 9,500 shares of the industrial products company’s stock valued at $262,000 after buying an additional 425 shares in the last quarter. Natixis Advisors L.P. lifted its position in Terex by 1.4% during the fourth quarter. Natixis Advisors L.P. now owns 32,407 shares of the industrial products company’s stock valued at $893,000 after buying an additional 442 shares in the last quarter. Arizona State Retirement System lifted its position in Terex by 1.1% during the fourth quarter. Arizona State Retirement System now owns 46,550 shares of the industrial products company’s stock valued at $1,283,000 after buying an additional 499 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Terex by 1.8% during the fourth quarter. Great West Life Assurance Co. Can now owns 39,521 shares of the industrial products company’s stock valued at $1,011,000 after buying an additional 683 shares in the last quarter. Hedge funds and other institutional investors own 98.74% of the company’s stock.

About Terex

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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