Terex Corporation (NYSE:TEX) should head towards $29.64 per share according to 14 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $22 per share. The higher price estimate target is at $35 according to the Analysts.
The company has received recommendation from many analysts. 3 analysts have rated the company as a strong buy. The shares has been rated as hold from 13 Wall Street Analysts. 5 analysts have suggested buy for the company. Underperform rating was given by 1 analyst.
Company has received price target recommendation from many analysts. Bank of America upgrades their rating on the shares of Terex Corporation (NYSE:TEX). The current rating of the shares is Neutral. Earlier, the shares were rated a Underperform by the brokerage firm. Equity Analysts at the Firm raises the price target to $23 per share from $22 per share. The rating by the firm was issued on July 2, 2015.
Terex Corporation (NYSE:TEX) witnessed a decline in the market cap on Wednesday as its shares dropped 3.28% or 0.76 points. After the session commenced at $22.95, the stock reached the higher end at $23.05 while it hit a low of $22.06. With the volume soaring to 1,836,658 shares, the last trade was called at $22.42. The company has a 52-week high of $41.88. The company has a market cap of $2,356 million and there are 105,100,000 shares in outstanding. The 52-week low of the share price is $22.005.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The Officer (President, Terex Cranes) of Terex Corp, Ford Timothy A sold 4,000 shares at $25 on June 11, 2015. The Insider selling transaction had a total value worth of $100,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. According to SEC filings, company Insiders own 3.8% of Terex Corporation Company shares. In the past six months, there is a change of -0.11% in the total insider ownership. Institutional Investors own 92.4% of Company shares. During last 3 month period, 0.07% of total institutional ownership has changed in the company shares.
The company shares have dropped -44.25% from its 1 Year high price. On Jul 9, 2014, the shares registered one year high at $41.88 and the one year low was seen on Jan 29, 2015. The 50-Day Moving Average price is $24.99 and the 200 Day Moving Average price is recorded at $25.87.
July 9, 2015