Terex Corporation (TEX) is Reiterated by Barclays to Equal Weight, Lowers Price Target to $ 20

Terex Corporation (TEX) was Reiterated by Barclays to “Equal Weight” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $25 . Barclays advised their investors in a research report released on Jul 11, 2016.

Many Wall Street Analysts have commented on Terex Corporation. Terex Corporation was Resumed by BofA/Merrill to “Underperform” on Jul 7, 2016. Terex Corporation was Resumed by Goldman to “Buy” on Jun 8, 2016. Shares were Downgraded by Morgan Stanley on May 31, 2016 to ” Equal-Weight” and Lowered the Price Target to $ 21 from a previous price target of $26 .

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 $19.74 and hit $20.3436 on the upside on Friday, eventually ending the session at $20.19, with a gain of 3.38% or 0.66 points. The heightened volatility saw the trading volume jump to 11,73,802 shares. Company has a market cap of $2,205 M.

In a different news, on Jun 17, 2016, Kevin Bradley (SVP & Chief Financial Officer) sold 12,000 shares at $20.74 per share price. According to the SEC, on Jun 6, 2016, Steve Filipov (President, Terex MHPS) sold 10,005 shares at $21.35 per share price. On Jun 6, 2016, Brian J Henry (SVP Finance, Bus Development) purchased 108 shares at $21.38 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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