Impact of Brokerage Rating on Terex Corporation(TEX)

Many Terex Corporation(TEX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Terex Corporation was Resumed by Citigroup to Neutral on Feb 6, 2017. Company shares were Reiterated by Stifel on Dec 14, 2016 to Buy, Raises Price Target to $ 37 from a previous price target of $29 .Company shares were Reiterated by RBC Capital Mkts on Dec 14, 2016 to Sector Perform, Raises Price Target to $ 33 from a previous price target of $24 .Terex Corporation was Downgraded by CLSA to Underperform on Nov 18, 2016.

Company has reported several Insider transactions to the SEC, on Feb 7, 2017, Brian J Henry (SVP Finance, Bus Development) purchased 71 shares at 32.57 per share price.On Feb 7, 2017, Kevin A Barr (Senior V. P. Human Resources) purchased 7 shares at 32.57 per share price.On Feb 7, 2017, Kevin Bradley (SVP & Chief Financial Officer) purchased 35 shares at 32.57 per share price.

Terex Corporation Last issued its quarterly earnings results on Oct 31, 2016. The company reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $0.22. The company had revenue of $1056.40 million for the quarter, compared to analysts expectations of $1062.39 million. The companys revenue was down -15.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Terex Corporation (NYSE:TEX) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.47 by 15 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 9 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Terex Corporation (NYSE:TEX): 13 analysts have set the short term price target of Terex Corporation (NYSE:TEX) at $31.62. The standard deviation of short term price target has been estimated at $5.24, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 38 and $20 respectively.

Terex Corporation (NYSE:TEX) witnessed a decline in the market cap on Tuesday as its shares dropped 0.03% or 0.01 points. After the session commenced at $32.23, the stock reached the higher end at $32.75 while it hit a low of $31.85. With the volume soaring to 1,079,125 shares, the last trade was called at $32.41. The company has a 52-week high of $33.87. The company has a market cap of $3,432 million and there are 105,900,000 shares in outstanding. The 52-week low of the share price is $18.91.

Terex Corp. is a global manufacturer of a broad range of construction and mining related capital equipment. The company strives to manufacture high quality machines which are low cost, simple to use and easy to maintain. The companys principal products include telescopic mobile cranes, aerial work platforms, utility aerial devices, telescopic material handlers, truck mounted mobile cranes, rigid and articulated off-highway trucks and high capacity surface mining trucks, and related components and replacement parts.

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