Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Terex (TEX) Stock Price
News stories about Terex (NYSE:TEX) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Terex earned a news impact score of 0.17 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.7042147437901 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Yesterday Stock’s Trend: Terex Corporation (TEX), Kratos Defense & Security Solutions, Inc. (KTOS) – Newburgh Gazette (newburghgazette.com)
- STILL opens service centre in Brno (forkliftaction.com)
- Terex Co. (TEX) Expected to Post Quarterly Sales of $999.18 Million (americanbankingnews.com)
- John D. Sheehan Acquires 263 Shares of Terex Co. (TEX) Stock (americanbankingnews.com)
- Terex Co. (TEX) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
A number of research firms recently commented on TEX. Robert W. Baird reiterated a “buy” rating and set a $52.00 price objective on shares of Terex in a research report on Thursday, December 21st. Zacks Investment Research cut Terex from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 20th. Barclays initiated coverage on Terex in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $50.00 price target for the company. OTR Global upgraded Terex to a “positive” rating in a report on Tuesday, December 5th. Finally, ValuEngine cut Terex from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Terex presently has an average rating of “Hold” and an average price target of $44.71.
Terex (NYSE:TEX) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.14. Terex had a positive return on equity of 7.01% and a negative net margin of 2.62%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts predict that Terex will post 1.29 EPS for the current year.
In other news, VP Mark I. Clair sold 3,014 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total transaction of $137,227.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 964 shares of company stock valued at $44,623 in the last quarter. Company insiders own 2.50% of the company’s stock.
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Terex Company Profile
Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.
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