Noteworthy Price Action: Is Terex Corporation a Buy? The Stock Rises Again

Noteworthy Price Action: Is Terex Corporation a Buy? The Stock Rises Again

The stock of Terex Corporation (NYSE:TEX) is a huge mover today! About 264,738 shares traded hands. Terex Corporation (NYSE:TEX) has risen 17.29% since March 8, 2016 and is uptrending. It has outperformed by 7.98% the S&P500.
The move comes after 6 months positive chart setup for the $2.70 billion company. It was reported on Oct, 11 by We have $39.33 PT which if reached, will make NYSE:TEX worth $1.62B more.

Analysts await Terex Corporation (NYSE:TEX) to report earnings on October, 18. They expect $0.21 earnings per share, down 63.79% or $0.37 from last year’s $0.58 per share. TEX’s profit will be $23.07M for 29.26 P/E if the $0.21 EPS becomes a reality. After $0.64 actual earnings per share reported by Terex Corporation for the previous quarter, Wall Street now forecasts -67.19% negative EPS growth.

Terex Corporation (NYSE:TEX) Ratings Coverage

Out of 17 analysts covering Terex Corporation (NYSE:TEX), 6 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 35% are positive. Terex Corporation has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Friday, September 25 the stock rating was initiated by Barclays Capital with “Equal-Weight”. On Wednesday, August 12 the stock rating was upgraded by Goldman Sachs to “Neutral”. The stock of Terex Corporation (NYSE:TEX) has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. Evercore downgraded Terex Corporation (NYSE:TEX) on Friday, May 27 to “Hold” rating. The rating was upgraded by Wells Fargo on Tuesday, May 17 to “Outperform”. On Wednesday, January 27 the stock rating was upgraded by JP Morgan to “Neutral”. Robert W. Baird upgraded the stock to “Outperform” rating in Tuesday, May 17 report. As per Wednesday, August 12, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating by CLSA given on Friday, September 30. On Wednesday, September 9 the stock rating was downgraded by JP Morgan to “Underweight”.

According to Zacks Investment Research, “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 company’s 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.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.13, from 1.07 in 2016Q1. The ratio dropped, as 55 funds sold all Terex Corporation shares owned while 73 reduced positions. 35 funds bought stakes while 85 increased positions. They now own 86.48 million shares or 7.59% more from 80.38 million shares in 2016Q1.
Ls Inv Ltd Limited Liability Company reported 6,648 shares or 0.01% of all its holdings. Aperio Group Inc Limited Liability Corporation holds 0.01% of its portfolio in Terex Corporation (NYSE:TEX) for 77,433 shares. Goldman Sachs Gru has invested 0% of its portfolio in Terex Corporation (NYSE:TEX). Citigroup Incorporated, a New York-based fund reported 58,392 shares. Snow Management Ltd Partnership has 0.02% invested in the company for 19,665 shares. Northern holds 0.01% of its portfolio in Terex Corporation (NYSE:TEX) for 829,903 shares. Da Davidson reported 100 shares or 0% of all its holdings. The Pennsylvania-based Stevens Mngmt L P has invested 0.04% in Terex Corporation (NYSE:TEX). Weaver C Barksdale Associates holds 0.05% or 1,373 shares in its portfolio. Ibm Retirement Fund holds 10,682 shares or 0.01% of its portfolio. Camarda Financial Advsrs Ltd has invested 0% of its portfolio in Terex Corporation (NYSE:TEX). The Alabama-based Zweig has invested 0.02% in Terex Corporation (NYSE:TEX). Croft reported 13,000 shares or 0.06% of all its holdings. Jacobs Levy Equity Mgmt holds 0.11% or 271,840 shares in its portfolio. Retirement System Of Alabama reported 140,863 shares or 0.02% of all its holdings.

Insider Transactions: Since May 4, 2016, the stock had 24 insider purchases, and 13 insider sales for $2.45 million net activity. 74 shares were bought by Bradley Kevin, worth $1,728 on Wednesday, May 4. ANDERSEN G CHRIS also sold $480,400 worth of Terex Corporation (NYSE:TEX) on Thursday, August 4. 111 shares were bought by Lousberg Kenneth D., worth $2,592. COHEN ERIC I sold $200,604 worth of Terex Corporation (NYSE:TEX) on Tuesday, August 9. Another trade for 10,005 shares valued at $213,669 was made by FILIPOV STEVE on Thursday, June 2. Ellis George sold $242,100 worth of Terex Corporation (NYSE:TEX) on Friday, August 19. Clair Mark I sold 7,489 shares worth $181,458.

More news for Terex Corporation (NYSE:TEX) were recently published by:, which released: “Terex Corporation Announces Receipt of Requisite Consents for Consent …” on October 03, 2016.‘s article titled: “Terex Corporation Announces Amendment to Consent Solicitation” and published on September 26, 2016 is yet another important article.

TEX Company Profile

Terex Corporation, incorporated on October 30, 1986, is a lifting and material handling solutions company. The Firm is focused on providing its activities and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Firm operates through five divisions: Aerial Work Platforms (AWP), Construction, Cranes, Material Handling & Port Solutions (MHPS), and Materials Processing (MP). The Company’s products are manufactured in North and South America, Europe, Australia and Asia and sold across the world.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment