Terex Receives Consensus Recommendation of “Hold” from Analysts (NYSE:TEX)
Terex (NYSE:TEX) has been given an average recommendation of “Hold” by the fifteen brokerages that are currently covering the company, AnalystRatings.Net reports. Seven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $45.00.
In other Terex news, CFO Kevin Bradley sold 3,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $37.35, for a total transaction of $112,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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.
Shares of Terex (NYSE:TEX) opened at 37.41 on Thursday. 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 $37.10 and its 200-day moving average is $40.38. The company has a market cap of $4.123 billion and a price-to-earnings ratio of 12.27.
Terex (NYSE:TEX) last released its 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 last year, the company posted $0.65 earnings per share. Terex’s revenue was up 10.4% compared to the same quarter last year. Analysts expect that Terex will post $2.57 EPS for the current fiscal year.
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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