Terex Corporation (NYSE:TEX) was downgraded by research analysts at OTR Global to a “positive” rating in a note issued to investors on Wednesday.

Several other equities research analysts have also recently weighed in on TEX. UBS AG reaffirmed a “buy” rating and issued a $44.00 price target (up from $40.00) on shares of Terex Corporation in a research note on Tuesday, August 8th. Deutsche Bank AG set a $44.00 price target on Terex Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised Terex Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Thursday, July 13th. TheStreet raised Terex Corporation from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $35.00 price target on shares of Terex Corporation in a research note on Monday, August 21st. Four research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.94.

Terex Corporation (NYSE:TEX) opened at 42.85 on Wednesday. Terex Corporation has a one year low of $21.88 and a one year high of $43.20. The company’s market capitalization is $3.83 billion. The company has a 50 day moving average price of $38.87 and a 200-day moving average price of $35.07.

Terex Corporation (NYSE:TEX) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Terex Corporation had a positive return on equity of 4.98% and a negative net margin of 1.76%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. Analysts expect that Terex Corporation will post $1.15 EPS for the current fiscal year.

Terex Corporation declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 30th that allows the company to buyback $280.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 8.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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In other news, insider Steve Filipov sold 4,564 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $38.22, for a total transaction of $174,436.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin Bradley sold 3,000 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $37.30, for a total value of $111,900.00. Following the transaction, the senior vice president now directly owns 51,612 shares in the company, valued at $1,925,127.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 4,202 shares of company stock worth $159,449 and have sold 84,878 shares worth $3,295,017. Corporate insiders own 2.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. M&T Bank Corp increased its position in Terex Corporation by 1.5% during the first quarter. M&T Bank Corp now owns 8,905 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 130 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in Terex Corporation by 0.4% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 47,951 shares of the industrial products company’s stock valued at $1,506,000 after acquiring an additional 170 shares during the last quarter. Capstone Asset Management Co. increased its position in Terex Corporation by 1.5% during the second quarter. Capstone Asset Management Co. now owns 14,468 shares of the industrial products company’s stock valued at $543,000 after acquiring an additional 220 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Terex Corporation by 4.7% during the second quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 262 shares during the last quarter. Finally, Mirador Capital Partners LP increased its position in Terex Corporation by 4.5% during the second quarter. Mirador Capital Partners LP now owns 9,118 shares of the industrial products company’s stock valued at $360,000 after acquiring an additional 394 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

About Terex Corporation

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

Analyst Recommendations for Terex Corporation (NYSE:TEX)

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