.png "Terex Corp (NYSE: TEX)")
Today, the Senior V.P., Secy. Gen Counsel of Terex Corp (NYSE: TEX), Eric I. Cohen, sold shares of TEX for $505.1K.
In addition to Eric I. Cohen, 2 other TEX executives reported Sell trades in the last month. Following Eric I. Cohen’s last TEX Sell transaction on September 11, 2017, the stock climbed by 0.8%.
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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. TEX’s market cap is $3.09B and the company has a P/E ratio of 22.47. Currently, Terex Corp has an average volume of 847.3K.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $44.90, reflecting a -9.2% downside. Five different firms, including Barclays and Merrill Lynch, currently also have a Sell rating on the stock.
The insider sentiment on Terex Corp has been negative according to 111 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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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.
