Terex Corporation (TEX) is Upgraded by Wells Fargo to Outperform

Terex Corporation (TEX) was Upgraded by Wells Fargo to ” Outperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on May 17, 2016.

Many Wall Street Analysts have commented on Terex Corporation. Company shares were Upgraded by Robert W. Baird on May 17, 2016 to ” Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $24 .

On the company’s financial health, Terex Corporation reported $-0.05 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $-0.05. The company had revenue of $1426.90 million for the quarter, compared to analysts expectations of $1320.93 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.02 EPS.

Terex Corporation opened for trading at $24.71 and hit $25.2699 on the upside on Monday, eventually ending the session at $24.94, with a gain of 9.96% or 2.26 points. The heightened volatility saw the trading volume jump to 66,23,866 shares. Company has a market cap of $2,723 M.

In a different news, on May 6, 2016, George Ellis (President, Construction) purchased 30 shares at $23.35 per share price. According to the SEC, on May 6, 2016, Kevin A Barr (Senior V. P. Human Resources) purchased 15 shares at $23.35 per share price. On May 6, 2016, Kenneth D. Lousberg (President, Terex Cranes) purchased 111 shares at $23.35 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.

Terex Corporation

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