Terex Corp (NYSE: TEX) received a Hold rating from Wells Fargo analyst Andy Casey yesterday. The company’s shares closed yesterday at $44.27.
According to TipRanks.com, Casey is a 3-star analyst with an average return of 5.7% and a 43.6% success rate. Casey covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Parker Hannifin, and Kennametal.
Terex Corp has an analyst consensus of Hold, with a price target consensus of $44.67.
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Based on Terex Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $47.6 million. In comparison, last year the company had a net profit of $95.4 million.
Based on the recent corporate insider activity of 107 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.
