Terex Corp. Given New $43.00 Price Target at BMO Capital Markets (TEX)
Investment analysts at BMO Capital Markets upped their target price on shares of Terex Corp. (NYSE:TEX) from $40.00 to $43.00 in a note issued to investors on Friday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 20.89% from the stock’s previous close.
TEX has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Terex Corp. from $37.00 to $40.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Terex Corp. from $30.00 to $36.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Terex Corp. in a research note to investors on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $38.00.
In other Terex Corp. news, CEO Ronald M. Defeo sold 13,596 shares of the stock on the open market in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $35.01, for a total value of $475,995.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Terex Corp. (NYSE:TEX) traded down 0.06% on Friday, hitting $35.57. The stock had a trading volume of 2,431,089 shares. Terex Corp. has a 1-year low of $20.30 and a 1-year high of $37.12. The stock has a 50-day moving average of $30.33 and a 200-day moving average of $30.92. The company has a market cap of $3.959 billion and a price-to-earnings ratio of 100.82.
Terex Corp. (NYSE:TEX) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis.
Terex Corporation is a diversified global equipment manufacturer of machinery products. The Company is focused on delivering reliable, customer-driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, shipping, transportation, refining, energy and utility industries.
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