Citigroup Reinstates Terex Corporation to Neutral

Brokerage firm Citigroup Reinstates its rating on Terex Corporation(TEX). The shares have been rated Neutral. The rating by Citigroup was issued on Feb 6, 2017.

In a different note, On Dec 19, 2016, UBS said it Upgrades its rating on Terex Corporation. The shares have been rated ‘Buy’ by the firm.

Terex Corporation (TEX) shares turned negative on Tuesdays trading session with the shares closing down -0.64 points or -2.02% at a volume of 9,92,529. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.95. The peak price level was also seen at $31.95 while the days lowest was $30.96. Finally the shares closed at $31.08. The 52-week high of the shares is $33.87 while the 52-week low is $18.91. According to the latest information available, the market cap of the company is $3,291 M.

Terex Corporation(TEX) last announced its earnings results on Oct 31, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.06B. Analysts had an estimated revenue of $1.06B. Earnings per share were $0.19. The reported EPS was above estimates by $0.03 or NaN%. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Jan 10, 2017, Brian J Henry (SVP Finance, Bus Development) purchased 72 shares at $32.01 per share price.Also, On Jan 10, 2017, Kevin Bradley (SVP & Chief Financial Officer) purchased 36 shares at $32.01 per share price.On Jan 10, 2017, Kevin A Barr (Senior V. P. Human Resources) purchased 7 shares at $32.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications including the construction infrastructure quarrying mining manufacturing transportation energy and utility industries. The Company operates in business segments: Aerial Work Platforms Construction Cranes Material Handling & Port Solutions and Materials Processing. Its products are manufactured in North and South America Europe Australia and Asia and sold across the world. It offers a range of products including portable material lifts telehandlers wheel loaders midi excavators site dumpers tower cranes utility equipment industrial cranes reach stackers washing systems chippers and sprinter carriers among others. Its brands include Terex Genie Demag and Powerscreen.

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