Terex Corporation (NYSE:TEX) has been assigned a $52.00 target price by equities research analysts at Wells Fargo & Company in a report issued on Monday. The firm currently has a “buy” rating on the industrial products company’s stock. Wells Fargo & Company’s price objective suggests a potential upside of 13.74% from the company’s previous close.

A number of other analysts have also recently weighed in on TEX. Credit Suisse Group set a $45.00 price objective on shares of Terex Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. Zacks Investment Research upgraded shares of Terex Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Thursday, July 13th. BMO Capital Markets reiterated a “hold” rating and set a $35.00 target price on shares of Terex Corporation in a research note on Thursday, July 20th. UBS AG reiterated a “buy” rating and set a $44.00 target price (up from $40.00) on shares of Terex Corporation in a research note on Wednesday, August 2nd. Finally, TheStreet upgraded shares of Terex Corporation from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Terex Corporation currently has a consensus rating of “Hold” and an average target price of $41.43.

Shares of Terex Corporation (NYSE:TEX) traded up 1.12% on Monday, reaching $46.23. 214,167 shares of the company’s stock traded hands. The firm’s market capitalization is $4.13 billion. Terex Corporation has a 52 week low of $21.88 and a 52 week high of $46.80. The company’s 50-day moving average is $42.73 and its 200-day moving average is $37.25.

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

Terex Corporation announced that its Board of Directors has approved a share repurchase program on Wednesday, September 6th that authorizes the company to buyback $225.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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In other Terex Corporation news, VP Eric I. Cohen sold 10,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00. Following the transaction, the vice president now directly owns 195,980 shares in the company, valued at approximately $8,819,100. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kevin A. Barr sold 2,682 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $43.05, for a total transaction of $115,460.10. Following the transaction, the insider now owns 126,762 shares in the company, valued at $5,457,104.10. The disclosure for this sale can be found here. In the last three months, insiders have acquired 4,264 shares of company stock worth $165,731 and have sold 98,679 shares worth $3,981,710. 2.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Dean Capital Management acquired a new position in Terex Corporation during the 2nd quarter valued at about $2,434,000. Sterling Capital Management LLC acquired a new position in Terex Corporation during the 2nd quarter valued at about $768,000. Caxton Associates LP lifted its position in Terex Corporation by 66.7% during the 2nd quarter. Caxton Associates LP now owns 150,000 shares of the industrial products company’s stock valued at $5,625,000 after purchasing an additional 60,000 shares during the period. BlueCrest Capital Management Ltd acquired a new position in Terex Corporation during the 2nd quarter valued at about $2,872,000. Finally, Gotham Asset Management LLC lifted its position in Terex Corporation by 30.9% during the 2nd quarter. Gotham Asset Management LLC now owns 459,144 shares of the industrial products company’s stock valued at $17,218,000 after purchasing an additional 108,486 shares during the period. Institutional investors own 97.40% of the company’s stock.

Terex Corporation Company Profile

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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