Terex Receives Average Recommendation of “Hold” from Brokerages (NYSE:TEX)
Terex (NYSE:TEX) has received an average rating of “Hold” from the fifteen brokerages that are covering the stock, ARN reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $45.00.
Terex (NYSE:TEX) traded down 0.85% on Thursday, hitting $37.011. 153,138 shares of the company’s stock traded hands. Terex has a 52 week low of $28.00 and a 52 week high of $45.46. The stock’s 50-day moving average is $37.40 and its 200-day moving average is $40.43. The company has a market cap of $4.079 billion and a price-to-earnings ratio of 12.30.
Terex (NYSE:TEX) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.40. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts expect that Terex will post $2.58 EPS for the current fiscal year.
A number of analysts have recently weighed in on TEX shares. Analysts at ISI Group upgraded shares of Terex from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $42.00 price target on the stock, down previously from $44.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Terex in a research note on Monday, July 28th. They now have a $38.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Terex in a research note on Monday, July 28th. They now have a $40.00 price target on the stock, down previously from $50.00.
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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