Terex Corp. Price Target Raised to $45.00 at Credit Suisse (TEX)
Research analysts at Credit Suisse lifted their price objective on shares of Terex Corp. (NYSE:TEX) from $37.00 to $45.00 in a report released on Friday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s target price suggests a potential upside of 26.51% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $38.00.
In other Terex Corp. news, CEO Ronald M. Defeo sold 13,596 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is available at this link.
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 one year low of $20.30 and a one year 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 EPS for the quarter, beating the Thomson Reuters 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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