Stock Worth Mentioning: Is Buying Terex Corporation Here a Winning Strategy?

Stock Worth Mentioning: Is Buying Terex Corporation Here a Winning Strategy?

The stock of Terex Corporation (NYSE:TEX) is a huge mover today! The stock increased 5.52% or $1.62 on November 23, hitting $30.96. About 1.86M shares traded hands or 55.00% up from the average. Terex Corporation (NYSE:TEX) has risen 26.32% since April 22, 2016 and is uptrending. It has outperformed by 20.91% the S&P500.
The move comes after 9 months positive chart setup for the $3.37B company. It was reported on Nov, 24 by Barchart.com. We have $32.82 PT which if reached, will make NYSE:TEX worth $202.20M more.

Analysts await Terex Corporation (NYSE:TEX) to report earnings on February, 21. They expect $-0.03 EPS, down 106.00% or $0.53 from last year’s $0.5 per share. After $0.19 actual EPS reported by Terex Corporation for the previous quarter, Wall Street now forecasts -115.79% negative EPS growth.

Terex Corporation (NYSE:TEX) Ratings Coverage

Out of 18 analysts covering Terex Corporation (NYSE:TEX), 6 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 33% are positive. Terex Corporation has been the topic of 40 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 12. JP Morgan downgraded Terex Corporation (NYSE:TEX) on Wednesday, September 9 to “Underweight” rating. On Friday, January 29 the stock rating was downgraded by Avondale to “Mkt Perform”. The stock has “Buy” rating given by Deutsche Bank on Wednesday, August 12. The stock of Terex Corporation (NYSE:TEX) has “Hold” rating given on Tuesday, August 9 by Jefferies. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, August 3. The firm has “Equalweight” rating by Barclays Capital given on Monday, July 11. Goldman Sachs upgraded the stock to “Neutral” rating in Wednesday, August 12 report. The firm has “Buy” rating given on Friday, July 31 by Deutsche Bank. The firm earned “Neutral” rating on Wednesday, January 27 by JP Morgan.

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 0.81 in Q2 2016. Its down 0.13, from 0.94 in 2016Q1. The ratio turned negative, 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.
Carroll Fincl Assocs Inc has invested 0% of its portfolio in Terex Corporation (NYSE:TEX). D E Shaw holds 0.01% or 189,611 shares in its portfolio. Schroder Invest Mgmt Grp Incorporated owns 1.17 million shares or 0.05% of their US portfolio. Pzena Investment Mgmt Ltd Liability accumulated 7.16 million shares or 0.91% of the stock. Moreover, Ubs Asset Mngmt Americas has 0% invested in Terex Corporation (NYSE:TEX) for 107,961 shares. Ibm Retirement Fund accumulated 10,682 shares or 0.01% of the stock. Sandy Spring Comml Bank holds 0% of its portfolio in Terex Corporation (NYSE:TEX) for 140 shares. Nomura Asset Mngmt Limited has 3,070 shares for 0% of their US portfolio. Federated Incorporated Pa owns 61,723 shares or 0% of their US portfolio. Dimensional Fund Ltd Partnership has 4.57M shares for 0.05% of their US portfolio. Legal & General Group Inc Public Lc holds 0% of its portfolio in Terex Corporation (NYSE:TEX) for 92,011 shares. Millennium Mgmt Lc holds 0.03% or 582,477 shares in its portfolio. Vanguard Group last reported 0.01% of its portfolio in the stock. Ameritas Inv Partners has invested 0.02% of its portfolio in Terex Corporation (NYSE:TEX). Northpointe Capital Ltd Llc, a Michigan-based fund reported 73,455 shares.

Insider Transactions: Since May 31, 2016, the stock had 29 buys, and 26 selling transactions for $5.94 million net activity. Shares for $220 were bought by BARR KEVIN A on Friday, July 8. Ellis George bought $460 worth of Terex Corporation (NYSE:TEX) on Friday, July 8. 5,000 Terex Corporation (NYSE:TEX) shares with value of $135,350 were sold by HENRY BRIAN J. The insider Bradley Kevin bought $1,144. 7,489 shares with value of $181,458 were sold by Clair Mark I on Tuesday, August 9. COHEN ERIC I had sold 9,749 shares worth $257,777. $216,082 worth of Terex Corporation (NYSE:TEX) was sold by FILIPOV STEVE on Tuesday, August 9.

More recent Terex Corporation (NYSE:TEX) news were published by: Fox6now.com which released: “Terex Corporation closing facility on Bluemound in Waukesha; 92 employees impacted” on November 10, 2016. Also Businesswire.com published the news titled: “Terex Corporation to Host Analyst Meeting” on November 02, 2016. Nasdaq.com‘s news article titled: “Terex Corporation (TEX) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016 was also an interesting one.

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.

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