Terex Corp. Price Target Increased to $37.00 by Analysts at RBC Capital (TEX)
Stock analysts at RBC Capital increased their target price on shares of Terex Corp. (NYSE:TEX) from $32.00 to $37.00 in a report issued on Friday, American Banking News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 4.02% from the company’s current price.
A number of other firms have also recently commented on TEX. Analysts at Credit Suisse raised their price target on shares of Terex Corp. from $37.00 to $45.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Terex Corp. from $40.00 to $43.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, 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. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Terex Corp. presently has an average rating of “Buy” and an average target price of $38.00.
Shares of Terex Corp. (NYSE:TEX) traded down 0.06% during mid-day trading on Friday, hitting $35.57. 2,431,089 shares of the company’s stock traded hands. Terex Corp. has a 52-week low of $20.30 and a 52-week high of $37.12. The stock’s 50-day moving average is $30.33 and its 200-day moving average is $30.92. The company has a market cap of $3.959 billion and a P/E ratio of 100.82.
Terex Corp. (NYSE:TEX) last announced its earnings results on Thursday, October 24th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis.
In other Terex Corp. news, CEO Ronald M. Defeo sold 13,596 shares of Terex Corp. stock on the open market in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $35.01, for a total value of $475,995.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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