Terex Corporation (TEX) : Zacks Investment Research ranks Terex Corporation (TEX) as 5, which is a Strong Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.54, which indicates as a Hold.
Terex Corporation (TEX) : 11 investment research analysts covering Terex Corporation (TEX) have an average price target of $24.46 for the near short term. The highest target price given by the Brokerage Firm to the stock is $35 and the lowest target is $20 for the short term. Analysts expect the variance to be within $4.52 of the average price.
Company shares have received an average consensus rating of Hold for the current week Terex Corporation (NYSE:TEX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.73 and $23.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.75, notching a gain of 0.21% for the day. The total traded volume was 715,363 . The stock had closed at $23.70 on the previous day.
In a related news, Lousberg Kenneth D., officer (President, Terex Cranes) of Terex Corp had purchased 073 shares on August 3, 2016 in a transaction. The price per share was $23.57 and the total amount of the disclosed transaction was $1,721.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.