Seaport Global analyst Michael Shlisky reiterated a Buy rating on Terex Corp (NYSE: TEX) on July 12 and set a price target of $49. The company’s shares closed yesterday at $45.15.
According to TipRanks.com, Shlisky is a 3-star analyst with an average return of 3.2% and a 43.4% success rate. Shlisky covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Manitex International, and Manitowoc Company.
Terex Corp has an analyst consensus of Hold, with a price target consensus of $44.40.
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Terex Corp’s market cap is currently $3.43B and has a P/E ratio of 24.94. The company has a Price to Book ratio of 3.18.
Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is negative on the stock.
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Terex Corp. engages in manufacture of machinery products. It operates through the following segments: Aerial Work Platforms; Cranes; and Materials Processing. The Aerial Work Platforms segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers.
