KeyBanc Thinks Terex’s Stock is Going to Recover

In a report released today, Todd Thomas from KeyBanc maintained a Buy rating on Terex (TEXResearch Report), with a price target of $44.00. The company’s shares closed last Monday at $27.78, close to its 52-week low of $26.64.

According to, Thomas is a 4-star analyst with an average return of 9.6% and a 53.9% success rate. Thomas covers the Financial sector, focusing on stocks such as Plymouth Industrial Reit, Xenia Hotels & Resorts, and Extra Space Storage.

Currently, the analyst consensus on Terex is a Moderate Buy with an average price target of $45.91, a 65.6% upside from current levels. In a report issued on June 27, Jefferies also maintained a Buy rating on the stock with a $55.00 price target.

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The company has a one-year high of $53.82 and a one-year low of $26.64. Currently, Terex has an average volume of 777.7K.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEX in relation to earlier this year.

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Terex Corp. engages in the manufacturing of aerial work platforms, cranes, and materials processing machinery. The company designs, builds and support products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. It operates through the following segments: Aerial Work Platforms; and Materials Processing. The Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers and light towers. The Materials Processing segment designs, manufactures and markets materials processing and specialty equipment, including crushers, washing systems, screens, apron feeders, material handlers, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, and their related components and replacement parts. The company was founded in 1933 and is headquartered in Westport, CT.

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