Stifel Nicolaus Maintains Terex Corporation to Buy with Price Target $29.00

Brokerage firm Stifel Nicolaus Maintains its rating on Terex Corporation(NYSE:TEX). In a research note issued to the investors, the brokerage major Raises the price-target to $29.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Aug 3, 2016.

In a different note, On Jul 11, 2016, Barclays said it Maintains its rating on Terex Corporation. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jun 8, 2016, Goldman Sachs said it Reinstates its rating on Terex Corporation. The shares have been rated ‘Buy’ by the firm. On May 31, 2016, Morgan Stanley said it Downgrades its rating on Terex Corporation. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On May 31, 2016, Jefferies said it Maintains its rating on Terex Corporation. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Evercore ISI Group said it Downgrades its rating on Terex Corporation. The shares have been rated ‘Hold’ by the firm. On May 17, 2016, Baird said it Upgrades its rating on Terex Corporation. The shares have been rated ‘Outperform’ by the firm.

Terex Corporation (TEX) shares turned negative on Fridays trading session with the shares closing down -0.16 points or -0.67% at a volume of 5,93,563. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.91. The peak price level was also seen at $23.91 while the days lowest was $23.57. Finally the shares closed at $23.59. The 52-week high of the shares is $27.11 while the 52-week low is $13.62. According to the latest information available, the market cap of the company is $2,562 M.

Terex Corporation(TEX) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.30B. Analysts had an estimated revenue of $1.61B. Earnings per share were $0.64. Analysts had estimated an EPS of $0.54.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, Kenneth D. Lousberg (President, Terex Cranes) purchased 86 shares at $20.01 per share price.Also, On Jul 12, 2016, Brian J Henry (SVP Finance, Bus Development) purchased 115 shares at $20.01 per share price.On Jul 12, 2016, George Ellis (President, Construction) purchased 23 shares at $20.01 per share price, according to the Form-4 filing with the securities and exchange commission.

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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