Terex Corporation (TEX) : 4 brokerage houses believe that Terex Corporation (TEX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Terex Corporation (TEX). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.38.
Terex Corporation (TEX) : 11 investment research analysts covering Terex Corporation (TEX) have an average price target of $23.73 for the near short term. The highest target price given by the Brokerage Firm to the stock is $35 and the lowest target is $18 for the short term. Analysts expect the variance to be within $4.63 of the average price.
Company shares have received an average consensus rating of Hold for the current week
Terex Corporation (NYSE:TEX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.24 and $23.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.57, notching a gain of 0.94% for the day. The total traded volume was 1,316,397 . The stock had closed at $23.35 on the previous day.
Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Company operates in business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions, and Materials Processing. Its products are manufactured in North and South America, Europe, Australia and Asia and sold across the world. It offers a range of products, including portable material lifts, telehandlers, wheel loaders, midi excavators, site dumpers, tower cranes, utility equipment, industrial cranes, reach stackers, washing systems, chippers and sprinter carriers, among others. Its brands include Terex, Genie, Demag and Powerscreen.