Terex (TEX) Receives a Rating Update from a Top Analyst

Stifel Nicolaus analyst Stanley Elliott maintained a Buy rating on Terex (TEX – Research Report) today and set a price target of $75.00. The company’s shares closed yesterday at $59.90.

According to TipRanks, Elliott is a top 25 analyst with an average return of 20.1% and a 72.56% success rate. Elliott covers the Industrials sector, focusing on stocks such as WillScot Mobile Mini Holdings, MSA Safety, and Terex.

In addition to Stifel Nicolaus, Terex also received a Buy from Truist Financial’s Jamie Cook in a report issued today. However, on the same day, Bank of America Securities reiterated a Sell rating on Terex (NYSE: TEX).

Based on Terex’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.22 billion and a net profit of $126.8 million. In comparison, last year the company earned a revenue of $1.22 billion and had a net profit of $92.2 million

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Terex (TEX) Company Description:

Terex Corp. engages in the manufacturing of aerial work platforms, cranes, and materials processing machinery. The company designs, builds and support products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. It operates through the following segments: Aerial Work Platforms; and Materials Processing. The Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers and light towers. The Materials Processing segment designs, manufactures and markets materials processing and specialty equipment, including crushers, washing systems, screens, apron feeders, material handlers, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, and their related components and replacement parts. The company was founded in 1933 and is headquartered in Westport, CT.