Terex Corporation (NYSE:TEX) registered a -3.99% decrease, still its new closing price is 69.10% up from the company’s 1 year high of 33.87.It posted 1.70% gains in previous 5 sessions and is now the subject of 12 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 21 stock analysts following this company have an average price target at $34.06, with individual PT in the $25.00-$41.00 range. The shares moved at $31.79, implying that brokerage firms see shares gaining about 43.68% in twelve months time.
Terex Corporation (TEX) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 0.82% rise year to date. A Former President, Terex Cranes at Terex Corporation (TEX) acquired shares in a transaction closed on Friday January 06, 2017. Lousberg Kenneth D. bought 54 shares in the company at $32.01 each and collected $1,001 in proceeds. Lousberg Kenneth D. now owns 82,934 shares in the company after this transaction. A SVP Finance, Bus Development in the company, HENRY BRIAN J, disclosed a transaction on Friday January 06, 2017 that ended up paying $2,000 from the purchase of 72 shares at $32.01 per share.
Terex Corporation (NYSE:TEX) Upcoming Results on Tap
Terex Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.42 in that period. Sales during the quarter are predicted to arrive at $965.37 million.
Earnings surprise history: Last quarter, the company posted approximately $1.06 billion in revenue and EPS of $0.19. The mean forecast was for $1.07 billion and $0.22 a share, respectively. One quarter earlier, revenue for the stock was at $1.3 billion, with earnings at $0.64/share.
Terex Corporation (TEX) Brokerage Update
Terex Corporation (TEX) is in CLSA’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underperform from Buy by CLSA, according to news reported on Friday November 18, 2016.Another important research note was issued by Barclays on Monday October 24, 2016.The firm downgraded TEX to Underweight from Equal Weight. Over the last six months and over the last three months, the shares of Terex Corporation (TEX), have changed 32.46% and 34.93%, respectively.