Just How Negative is Goldman Following Their Downgrade of Terex (NYSE:TEX)?

June 14, 2018 - By Stephen Andrade

Terex Corporation (NYSE:TEX) Logo

Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.06, from 0.91 in 2017Q4. It worsened, as 53 investors sold Terex Corporation shares while 83 reduced holdings. 42 funds opened positions while 74 raised stakes. 72.57 million shares or 4.56% less from 76.03 million shares in 2017Q4 were reported.

Dimensional Fund Lp, a Texas-based fund reported 3.90M shares. 81,988 are held by Mackay Shields Ltd Liability Co. Triangle Secs Wealth Management has 5,523 shares for 0.12% of their portfolio. Us Bank De accumulated 3,507 shares. Aqr Cap Management Ltd Liability Com has invested 0.06% in Terex Corporation (NYSE:TEX). Point72 Asia (Hong Kong) holds 0.02% or 1,064 shares in its portfolio. Federated Investors Pa stated it has 36,265 shares or 0% of all its holdings. 6,685 are held by Stone Ridge Asset Mgmt Ltd. Etrade Capital Ltd Company, a New York-based fund reported 7,563 shares. Fishman Jay A Mi invested in 0% or 6,500 shares. Paloma Management holds 0.01% or 19,611 shares in its portfolio. Citadel Advsrs Limited Liability Company holds 0% or 159,400 shares. Glenmede Com Na reported 186 shares stake. Mutual Of America Cap Mgmt Ltd Liability Corporation, New York-based fund reported 64,093 shares. Teacher Retirement System Of Texas holds 0% of its portfolio in Terex Corporation (NYSE:TEX) for 18,619 shares.

Since January 5, 2018, it had 16 insider buys, and 6 selling transactions for $3.30 million activity. On Wednesday, March 7 the insider SHEEHAN JOHN D bought $12,500. The insider BARR KEVIN A bought $235. SACHS DAVID A bought $376,602 worth of stock or 10,250 shares. 11,737 shares were sold by Clair Mark I, worth $449,879. 30,306 shares were sold by FEARON MATTHEW, worth $1.20M on Wednesday, March 14. $505,038 worth of Terex Corporation (NYSE:TEX) shares were sold by COHEN ERIC I.

Terex (NYSE:TEX) Receives a Downgrade

The Equity Rating of Terex (NYSE:TEX) rating was decreased by professional analysts at Goldman from the previous Neutral rating to a Sell rating in a note sent to clients and investors on 14 June.

Terex Corporation (NYSE:TEX) Ratings Coverage

Among 11 analysts covering Terex Corp (NYSE:TEX), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Terex Corp has $62 highest and $40 lowest target. $46.78’s average target is 16.95% above currents $40 stock price. Terex Corp had 17 analyst reports since December 19, 2017 according to SRatingsIntel. The stock of Terex Corporation (NYSE:TEX) earned “Outperform” rating by Credit Suisse on Thursday, May 3. As per Thursday, February 15, the company rating was maintained by Deutsche Bank. On Wednesday, April 18 the stock rating was upgraded by Seaport Global to “Buy”. The rating was maintained by Jefferies on Thursday, January 18 with “Hold”. Credit Suisse maintained Terex Corporation (NYSE:TEX) on Thursday, February 15 with “Outperform” rating. The stock of Terex Corporation (NYSE:TEX) earned “Neutral” rating by Citigroup on Friday, May 4. The company was maintained on Friday, April 13 by Robert W. Baird. The stock has “Outperform” rating by Evercore on Monday, May 7. The firm has “Hold” rating given on Tuesday, April 17 by RBC Capital Markets. BMO Capital Markets maintained Terex Corporation (NYSE:TEX) on Tuesday, April 17 with “Hold” rating.

The stock decreased 4.17% or $1.74 during the last trading session, reaching $40. About 2.38 million shares traded or 65.02% up from the average. Terex Corporation (NYSE:TEX) has risen 24.02% since June 14, 2017 and is uptrending. It has outperformed by 11.45% the S&P500.

Analysts await Terex Corporation (NYSE:TEX) to report earnings on August, 7. They expect $0.90 earnings per share, up 76.47 % or $0.39 from last year’s $0.51 per share. TEX’s profit will be $68.40M for 11.11 P/E if the $0.90 EPS becomes a reality. After $0.55 actual earnings per share reported by Terex Corporation for the previous quarter, Wall Street now forecasts 63.64 % EPS growth.

Terex Corporation manufactures and sells lifting and material processing products worldwide. The company has market cap of $3.04 billion. The firm operates through three divisions: Aerial Work Platforms , Cranes, and Materials Processing (MP). It has a 19.39 P/E ratio. The AWP segment designs, makes, services, and markets aerial work platform equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brand names.

More recent Terex Corporation (NYSE:TEX) news were published by: Seekingalpha.com which released: “Terex – A Powerful Machinery Stock” on June 11, 2018. Also Streetinsider.com published the news titled: “UPDATE: Goldman Sachs Downgrades Terex (TEX) to Sell” on June 14, 2018. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” with publication date: June 14, 2018 was also an interesting one.

Terex Corporation (NYSE:TEX) Institutional Positions Chart

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