BMO Capital Releases a Hold Rating on Terex Corp

By Ryan Adsit

In a report released today, Joel Tiss from BMO Capital reiterated a Hold rating on Terex Corp (NYSE: TEX), with a price target of $35. The company’s shares closed yesterday at $32.11.

According to, Tiss is a 4-star analyst with an average return of 10.3% and a 66.0% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, The Middleby Corp, and Parker Hannifin.

Terex Corp has an analyst consensus of Hold, with a price target consensus of $33.50.

Based on Terex Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $975 million and GAAP net loss of $267 million. In comparison, last year the company earned revenue of $1.43 billion and had a GAAP net loss of $74.2 million.

Based on the recent corporate insider activity of 200 insiders, corporate insider sentiment is negative on the stock. Last month, Kevin Bradley, the SVP & CFO of TEX sold 15,000 shares for a total of $467,550.

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Terex Corp. engages in manufacture of machinery products. It operates through the following segments: Aerial Work Platforms; Construction; Cranes; Material Handling and Port Solutions; and Materials Processing. The Aerial Work Platforms segment designs, manufactures, services and markets aerial work platform equipment, telehandlers, light towers, bridge inspection equipment and utility equipment. The Construction segment includes compact construction equipment, such as loader backhoes; mini and midi excavators; site dumpers; compaction rollers; and other equipment, such as material handlers, concrete mixer trucks and concrete pavers. The Cranes segment provides mobile telescopic cranes, tower cranes, lattice boom crawler cranes, lattice boom truck cranes and truck-mounted cranes. The Material Handling and Port Solutions segment offers universal cranes, process cranes, rope and chain hoists, electric motors, light crane systems and crane components. The Materials Processing segment includes materials processing equipment, such as crushers, washing systems, screens, apron feeders, chippers and related components and replacement parts. The company was founded in October 1986 and is headquartered in Westport, CT.