Analyst Rating Update on Terex Corporation (TEX)

Terex Corporation (NYSE:TEX) : 4 brokerage houses believe that Terex Corporation (NYSE:TEX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Terex Corporation (NYSE:TEX). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.31.

Terex Corporation (NYSE:TEX) : The most positive equity analysts on Terex Corporation (NYSE:TEX) expects the shares to touch $35, whereas, the least positive believes that the stock will trade at $20 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $25.27 with an expected fluctuation of $4.17 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Goldman Sachs reinstates its view on Terex Corporation (NYSE:TEX) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs announces the current price target of $27 per share on Terex Corporation. The rating by the firm was issued on June 8, 2016.

Terex Corporation (NYSE:TEX): On Tuesdays trading session , Opening price of the stock was $19.64 with an intraday high of $19.7. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.91. However, the stock managed to close at $19.16, a loss of 0.93% for the day. On the previous day, the stock had closed at $19.34. The total traded volume of the day was 1,709,504 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & Chief Financial Officer) of Terex Corp, Bradley Kevin had sold 12,000 shares worth of $248,880 in a transaction dated June 16, 2016. In this transaction, 12,000 shares were sold at $20.74 per share.

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.

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