Terex Corporation (TEX) Receives “Outperform” Rating from Wells Fargo & Co

Wells Fargo & Co reissued their outperform rating on shares of Terex Corporation (NYSE:TEX) in a research note released on Monday morning. They currently have a $41.00 target price on the industrial products company’s stock, up from their previous target price of $38.50.

A number of other brokerages have also recently issued reports on TEX. Bank of America Corporation cut Terex Corporation from a neutral rating to an underperform rating and increased their target price for the stock from $29.00 to $33.00 in a report on Thursday, May 11th. Royal Bank Of Canada reiterated a hold rating and issued a $33.00 target price on shares of Terex Corporation in a report on Wednesday, April 26th. OTR Global upgraded Terex Corporation to a positive rating in a report on Friday, March 17th. Deutsche Bank AG upgraded Terex Corporation from a hold rating to a buy rating and increased their target price for the stock from $36.00 to $37.00 in a report on Monday, February 27th. Finally, Barclays PLC increased their target price on Terex Corporation from $25.00 to $26.00 and gave the stock an underweight rating in a report on Wednesday, April 19th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $34.31.

Analyst Recommendations for Terex Corporation (NYSE:TEX)

Shares of Terex Corporation (NYSE TEX) traded down 2.63% on Monday, reaching $35.86. 390,034 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $33.92 and its 200-day moving average price is $32.27. Terex Corporation has a 52-week low of $18.91 and a 52-week high of $37.53. The stock’s market cap is $3.50 billion.

Terex Corporation (NYSE:TEX) last issued its earnings results on Wednesday, May 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Terex Corporation had a positive return on equity of 5.90% and a negative net margin of 2.53%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $926.31 million. Equities analysts forecast that Terex Corporation will post $0.94 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Terex Corporation (TEX) Receives “Outperform” Rating from Wells Fargo & Co” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/2655717/terex-corporation-tex-receives-outperform-rating-from-wells-fargo-co.html.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 19th. Stockholders of record on Friday, June 9th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Wednesday, June 7th. Terex Corporation’s dividend payout ratio is presently -29.63%.

In other news, SVP Brian J. Henry sold 7,512 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $33.48, for a total transaction of $251,501.76. Following the completion of the sale, the senior vice president now directly owns 322,993 shares of the company’s stock, valued at approximately $10,813,805.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Kevin Bradley sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $31.00, for a total value of $155,000.00. Following the sale, the senior vice president now directly owns 114,594 shares of the company’s stock, valued at $3,552,414. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 1,133 shares of company stock valued at $37,379 and have sold 84,907 shares valued at $2,859,478. Company insiders own 2.50% of the company’s stock.

Several large investors have recently made changes to their positions in TEX. M&T Bank Corp raised its stake in shares of Terex Corporation by 1.5% in the first quarter. M&T Bank Corp now owns 8,905 shares of the industrial products company’s stock valued at $279,000 after buying an additional 130 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Terex Corporation by 0.4% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 47,951 shares of the industrial products company’s stock valued at $1,506,000 after buying an additional 170 shares during the period. Creative Planning raised its stake in shares of Terex Corporation by 3.4% in the first quarter. Creative Planning now owns 9,221 shares of the industrial products company’s stock valued at $290,000 after buying an additional 307 shares during the period. Capstone Asset Management Co. raised its stake in shares of Terex Corporation by 2.8% in the first quarter. Capstone Asset Management Co. now owns 14,248 shares of the industrial products company’s stock valued at $447,000 after buying an additional 390 shares during the period. Finally, State Treasurer State of Michigan raised its stake in shares of Terex Corporation by 0.9% in the first quarter. State Treasurer State of Michigan now owns 43,000 shares of the industrial products company’s stock valued at $1,350,000 after buying an additional 400 shares during the period. 97.78% of the stock is owned by hedge funds and other institutional investors.

About Terex Corporation

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TEX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Terex Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.