Robert W. Baird analyst Mircea Dobre upgraded Terex Corp (NYSE: TEX) to Hold today. The company’s shares closed on Friday at $38.35.
According to TipRanks.com, Dobre is a 2-star analyst with an average return of 0.5% and a 41.9% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as John Bean Technologies, Illinois Tool Works, and Sun Hydraulics Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Terex Corp with a $45.60 average price target.
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Terex Corp’s market cap is currently $2.8B and has a P/E ratio of 24.63. The company has a Price to Book ratio of 2.96.
Based on the recent corporate insider activity of 103 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.
