What Will Happen to Terex Corporation (TEX) Next? The Stock Just Reaches 52-Week High

September 17, 2017 - By Adrian Erickson

Investors sentiment increased to 0.85 in 2016 Q4. Its up 0.04, from 0.81 in 2016Q3. It improved, as 22 investors sold Terex Corporation shares while 99 reduced holdings. 45 funds opened positions while 58 raised stakes. 89.73 million shares or 3.47% more from 86.72 million shares in 2016Q3 were reported.
Verition Fund Mngmt Limited Liability Corp accumulated 10,920 shares. The New York-based Jennison Limited Liability has invested 0.01% in Terex Corporation (NYSE:TEX). Ancora Advisors accumulated 500 shares. California Pub Employees Retirement stated it has 312,000 shares. 8.05 million are owned by Morgan Stanley. Ahl Prns Llp has 0.12% invested in Terex Corporation (NYSE:TEX) for 126,377 shares. Envestnet Asset Mngmt stated it has 6,685 shares. Da Davidson & holds 0% or 3,100 shares. Prudential Public Limited Co owns 3.12 million shares or 0.35% of their US portfolio. Pointstate L P stated it has 31,800 shares or 0.01% of all its holdings. Profund Advisors Lc reported 21,678 shares stake. Louisiana State Employees Retirement System stated it has 26,200 shares. State Board Of Administration Of Florida Retirement Systems reported 0.02% in Terex Corporation (NYSE:TEX). Ibm Retirement Fund holds 8,437 shares. Pacad holds 0.05% of its portfolio in Terex Corporation (NYSE:TEX) for 12,800 shares.

Since March 17, 2017, it had 13 insider purchases, and 11 selling transactions for $3.47 million activity. The insider FILIPOV STEVE sold 7,395 shares worth $244,627. Shares for $2,302 were bought by HENRY BRIAN J on Wednesday, April 5. SHEEHAN JOHN D also bought $12,491 worth of Terex Corporation (NYSE:TEX) on Tuesday, June 6. Bradley Kevin sold $534,414 worth of stock. 55 shares were bought by Lousberg Kenneth D., worth $1,735 on Wednesday, April 5. On Wednesday, April 5 the insider Ellis George bought $473. Shares for $364,229 were sold by COHEN ERIC I.

The stock of Terex Corporation (NYSE:TEX) hit a new 52-week high and has $46.08 target or 6.00 % above today’s $43.47 share price. The 5 months bullish chart indicates low risk for the $3.89 billion company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $46.08 price target is reached, the company will be worth $233.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.57% or $0.67 on September 15, reaching $43.47. About 2.44 million shares traded or 80.74% up from the average. Terex Corporation (NYSE:TEX) has risen 32.26% since September 17, 2016 and is uptrending. It has outperformed by 15.56% the S&P500.

Wall Street await Terex Corporation (NYSE:TEX) to release earnings on October, 30. Analysts forecast EPS of $0.36, up exactly $0.17 or 89.47 % from 2014’s $0.19 EPS. The expected TEX’s profit could reach $32.22M giving the stock 30.19 P/E in the case that $0.36 earnings per share is reported. After posting $0.51 EPS for the previous quarter, Terex Corporation’s analysts now forecast -29.41 % negative EPS growth.

Terex Corporation (NYSE:TEX) Ratings Coverage

Among 20 analysts covering Terex Corporation (NYSE:TEX), 6 have Buy rating, 3 Sell and 11 Hold. Therefore 30% are positive. Terex Corporation had 62 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Terex Corporation (NYSE:TEX) earned “Hold” rating by RBC Capital Markets on Monday, June 5. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, August 12 report. Jefferies downgraded Terex Corporation (NYSE:TEX) on Tuesday, August 9 to “Hold” rating. Avondale downgraded Terex Corporation (NYSE:TEX) on Friday, January 29 to “Mkt Perform” rating. The firm has “Outperform” rating given on Tuesday, May 17 by Robert W. Baird. The rating was initiated by Deutsche Bank with “Hold” on Wednesday, September 7. The rating was maintained by BMO Capital Markets on Sunday, August 20 with “Hold”. Deutsche Bank maintained the shares of TEX in report on Wednesday, October 12 with “Hold” rating. The stock of Terex Corporation (NYSE:TEX) has “Buy” rating given on Thursday, August 3 by Deutsche Bank. The stock of Terex Corporation (NYSE:TEX) earned “Buy” rating by Deutsche Bank on Monday, February 27.

Another recent and important Terex Corporation (NYSE:TEX) news was published by Finance.Yahoo.com which published an article titled: “Why Terex Corporation (TEX) Could Shock the Market Soon” on August 22, 2017.

Terex Corporation is a manufacturer of lifting and material processing services and products that deliver lifecycle solutions. The company has market cap of $3.89 billion. The Firm has three business divisions: Aerial Work Platforms , Cranes and Materials Processing (MP). It currently has negative earnings. It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

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