Terex Rating Increased to Buy at Buckingham Research (TEX)

By admin | 6 years ago

Terex (NYSE: TEX) was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse (NYSE: CS) initiated coverage on shares of Terex in a research note to investors on Wednesday, May 2nd. They set an “outperform” rating and a $41.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Terex in a research note to investors on Friday, April 27th. They now have a $25.00 price target on the stock. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of Terex from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, April 17th.

Shares of Terex traded down 0.64% during mid-day trading on Thursday, hitting $17.07. Terex has a one year low of $9.30 and a one year high of $35.71. The company has a market cap of $1.885 billion and a P/E ratio of 33.36.

Terex last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.05. The company’s quarterly revenue was up 44.8% on a year-over-year basis. On average, analysts predict that Terex will post $0.53 earnings per share next quarter.

Terex Corporation (Terex) is a global equipment manufacturer of a range of products. It focuses on delivering a range of commercial solutions for a range of commercial applications, including the construction, infrastructure, quarrying, shipping, transportation, power and energy industries.

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