What Will The Effects of a Goldman Sachs Downgrade Be For Terex (NYSE:TEX) Shares?

June 14, 2018 - By Robert Crowder

Terex Corporation (NYSE:TEX) Logo

Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.06, from 0.91 in 2017Q4. It is negative, as 53 investors sold Terex Corporation shares while 83 reduced holdings. 42 funds opened positions while 74 raised stakes. 72.57 million shares or 4.56% less from 76.03 million shares in 2017Q4 were reported.

Fincl Architects Inc holds 0.01% or 1,325 shares in its portfolio. 14,779 were reported by Shell Asset. Fuller & Thaler Asset holds 0.73% or 1.67 million shares. 190,924 were reported by Bluecrest Management. 133,300 were reported by Spark Investment Ltd Llc. The Illinois-based Grp One Trading L P has invested 0% in Terex Corporation (NYSE:TEX). State Teachers Retirement Systems has 0.01% invested in Terex Corporation (NYSE:TEX) for 163,460 shares. Citigroup reported 11,511 shares. Washington Tru Bancshares holds 0.01% in Terex Corporation (NYSE:TEX) or 2,000 shares. Suntrust Banks Incorporated holds 0% or 7,165 shares in its portfolio. Great West Life Assurance Communications Can stated it has 0% in Terex Corporation (NYSE:TEX). Hsbc Holdings Public Ltd Com invested in 40,261 shares. Moreover, Teachers Retirement System Of The State Of Kentucky has 0.01% invested in Terex Corporation (NYSE:TEX) for 17,446 shares. Ameritas Invest Prtn Incorporated has invested 0.04% in Terex Corporation (NYSE:TEX). Captrust Advsrs owns 76 shares for 0% of their portfolio.

Since January 5, 2018, it had 16 buys, and 6 insider sales for $3.30 million activity. BARR KEVIN A also bought $212 worth of Terex Corporation (NYSE:TEX) on Friday, February 9. HENRY BRIAN J had bought 49 shares worth $2,298 on Friday, January 5. Shares for $376,602 were bought by SACHS DAVID A on Friday, March 23. $1.20 million worth of Terex Corporation (NYSE:TEX) shares were sold by FEARON MATTHEW. Clair Mark I sold $449,879 worth of stock or 11,737 shares. FILIPOV STEVE sold 8,984 shares worth $388,828.

Terex (NYSE:TEX) Receives a Downgrade

The old rating for Terex (NYSE:TEX) shares of a Neutral has been discontinued, as research professionals at Goldman Sachs lowered the current rating for Terex (NYSE:TEX) shares to a Sell.

Terex Corporation (NYSE:TEX) Ratings Coverage

Among 11 analysts covering Terex Corp (NYSE:TEX), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Terex Corp has $62 highest and $40 lowest target. $46.78’s average target is 16.98% above currents $39.99 stock price. Terex Corp had 17 analyst reports since December 19, 2017 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Buy” on Monday, April 16. Robert W. Baird maintained it with “Buy” rating and $52.0 target in Tuesday, December 19 report. Deutsche Bank maintained it with “Hold” rating and $48 target in Thursday, February 15 report. The firm earned “Equal-Weight” rating on Thursday, May 3 by Morgan Stanley. The firm earned “Neutral” rating on Friday, May 4 by Citigroup. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, April 17. The firm has “Buy” rating given on Wednesday, April 18 by Seaport Global. The stock of Terex Corporation (NYSE:TEX) has “Outperform” rating given on Thursday, May 3 by Credit Suisse. The company was maintained on Friday, April 13 by Robert W. Baird. The firm has “Neutral” rating by Robert W. Baird given on Friday, March 2.

The stock decreased 4.19% or $1.75 during the last trading session, reaching $39.99. About 2.82M shares traded or 95.74% up from the average. Terex Corporation (NYSE:TEX) has risen 24.02% since June 15, 2017 and is uptrending. It has outperformed by 11.45% the S&P500.

Analysts await Terex Corporation (NYSE:TEX) to report earnings on August, 7. They expect $0.90 earnings per share, up 76.47 % or $0.39 from last year’s $0.51 per share. TEX’s profit will be $68.39 million for 11.11 P/E if the $0.90 EPS becomes a reality. After $0.55 actual earnings per share reported by Terex Corporation for the previous quarter, Wall Street now forecasts 63.64 % EPS growth.

Terex Corporation manufactures and sells lifting and material processing products worldwide. The company has market cap of $3.04 billion. The firm operates through three divisions: Aerial Work Platforms , Cranes, and Materials Processing (MP). It has a 19.38 P/E ratio. The AWP segment designs, makes, services, and markets aerial work platform equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brand names.

More recent Terex Corporation (NYSE:TEX) news were published by: Streetinsider.com which released: “UPDATE: Goldman Sachs Downgrades Terex (TEX) to Sell” on June 14, 2018. Also Seekingalpha.com published the news titled: “Terex – A Powerful Machinery Stock” on June 11, 2018. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” with publication date: June 14, 2018 was also an interesting one.

Terex Corporation (NYSE:TEX) Institutional Positions Chart

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