Terex Corp Receives a Hold from Morgan Stanley

In a report released today, Courtney Yakavonis from Morgan Stanley maintained a Hold rating on Terex Corp (NYSE: TEX), with a price target of $46. The company’s shares opened today at $37.38.

According to TipRanks.com, Yakavonis is a 1-star analyst with an average return of -2.8% and a 25.0% success rate. Yakavonis covers the Industrial Goods sector, focusing on stocks such as CNH Industrial, WABCO Holdings, and Oshkosh Corp.

Currently, the analyst consensus on Terex Corp is Moderate Buy and the average price target is $45.63, representing a 22.1% upside.

In a report issued on April 18, Barclays also maintained a Hold rating on the stock with a $45 price target.

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Based on Terex Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.26 billion and quarterly net profit of $47.6 million. In comparison, last year the company earned revenue of $1.01 billion and had a GAAP net loss of $60.3 million.

Based on the recent corporate insider activity of 115 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.