Terex Corp Gets a Hold Rating from BMO Capital

By Ryan Adsit

BMO Capital analyst Joel Tiss reiterated a Hold rating on Terex Corp (NYSE: TEX) yesterday and set a price target of $46. The company’s shares closed yesterday at $39.64.

According to TipRanks.com, Tiss is a 4-star analyst with an average return of 12.0% and a 64.5% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, John Bean Technologies, and Wabash National Corp.

Currently, the analyst consensus on Terex Corp is Hold and the average price target is $45.40, representing a 14.5% upside.

In a report issued on April 13, Robert W. Baird also reiterated a Hold rating on the stock with a $43 price target.

Terex Corp’s market cap is currently $3.18B and has a P/E ratio of 60.53. The company has a book value ratio of 2.6016.

Based on the recent corporate insider activity of 115 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.