Terex Stock (NYSE:TEX), Trade Ideas

Terex

Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.

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JP Morgan analyst Ann Duignan downgrades Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) from Overweight to Neutral and announces $63 price target.

Analyst Ratings

JP Morgan Downgrades Terex to Neutral, Announces $63 Price Target

In the latest quarter, 7 analysts provided ratings for Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>), showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $62.86, along with a high estimate of $73.00 and a low estimate of $57.00. Surpassing the previous average price target of $61.00, the current average has increased by 3.05%.
<img src="https://www.benzinga.com/files/images/story/2024/1710417670_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Terex. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$73.00</td>
<td>-</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$63.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Timothy Thein</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$63.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Michael Feniger</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Underperform</td>
<td>$57.00</td>
<td>-</td>
</tr>
<tr>
<td>Stephen Volkmann</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$63.00</td>
<td>$73.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Terex. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Terex compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Terex's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Terex's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TEX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Terex analyst ratings.</a>
<h2>All You Need to Know About Terex</h2>
Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.
<h3>A Deep Dive into Terex's Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Terex showcased positive performance, achieving a revenue growth rate of 0.41% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 10.38%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Terex's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.01% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Terex's ROA excels beyond industry benchmarks, reaching 3.59%. This signifies efficient management of assets and strong financial health.
Debt Management: Terex's debt-to-equity ratio is below the industry average. With a ratio of 0.37, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 7 Analyst Projections For Terex

Truist Securities analyst Jamie Cook initiates coverage on Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) with a Buy rating and announces Price Target of $73.

Initiation

Truist Securities Initiates Coverage On Terex with Buy Rating, Announces Price Target of $73

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Shares of several companies in the broader industrial sector are trading lower as stocks fall following a greater-than-expected increase in January inflation data.

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) in the last three months.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $61.25, with a high estimate of $63.00 and a low estimate of $57.00. This current average represents a 2.27% decrease from the previous average price target of $62.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1707825640_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Terex by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Timothy Thein</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$63.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Michael Feniger</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Underperform</td>
<td>$57.00</td>
<td>-</td>
</tr>
<tr>
<td>Stephen Volkmann</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$63.00</td>
<td>$73.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Terex. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Terex compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Terex's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Terex's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/TEX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Terex analyst ratings.</a>
<h2>All You Need to Know About Terex</h2>
Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.
<h3>Terex's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Terex showcased positive performance, achieving a revenue growth rate of 0.41% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Terex's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.38% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Terex's ROE excels beyond industry benchmarks, reaching 8.01%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Terex's ROA stands out, surpassing industry averages. With an impressive ROA of 3.59%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Terex's debt-to-equity ratio is below the industry average. With a ratio of 0.37, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Terex: Insights From 4 Financial Analysts

Terex Corporation shares are trading lower after the company reported worse-than-expected Q4 revenue results.

Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) reported its Q4 earnings results on Thursday, February 8, 2024 at 04:11 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Terex beat estimated earnings by 35.25%, reporting an EPS of $1.88 versus an estimate of $1.39.
Revenue was up $5.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.03 which was followed by a 6.55% drop in the share price the next day.
Here's a look at Terex's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.72</td>
<td>1.61</td>
<td>1.04</td>
<td>1.13</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.75</td>
<td>2.35</td>
<td>1.60</td>
<td>1.34</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.26B</td>
<td>1.26B</td>
<td>1.13B</td>
<td>1.10B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.29B</td>
<td>1.40B</td>
<td>1.24B</td>
<td>1.22B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Terex <a href="https://www.benzinga.com/quote/TEX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Terex: Q4 Earnings Insights

Guidance

Terex Sees FY24 EPS $6.85-$7.25; Net Sales $5.1B-$5.3B Vs $5.167B Est.

Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) reported quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $1.39 by 1.44 percent. The company reported quarterly sales of $1.20 billion which missed the analyst consensus estimate of $1.23 billion by 2.19 percent. This is a 1.48 percent decrease over sales of $1.22 billion the same period last year.

Earnings Beats

Earnings Misses

Terex Q4 2023 Adj EPS $1.41 Beats $1.39 Estimate, Sales $1.20B Miss $1.23B Estimate

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Earnings Scheduled For February 8, 2024

Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement.
Analysts estimate that Terex will report an earnings per share (EPS) of $1.39. 
Terex bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 6.55% drop in the share price the next day.
Here's a look at Terex's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.72</td>
<td>1.61</td>
<td>1.04</td>
<td>1.13</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.75</td>
<td>2.35</td>
<td>1.60</td>
<td>1.34</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.55%</td>
<td>2.76%</td>
<td>4.89%</td>
<td>5.54%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707321716_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Terex were trading at $63.25 as of February 06. Over the last 52-week period, shares are up 24.25%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/TEX/earnings">To track all earnings releases for Terex visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Terex's Earnings Outlook

U.S. stocks traded higher, with the Dow Jones gaining around 50 points on Thursday.
Shares of Alaska Air Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>) rose during Thursday&rsquo;s session following upbeat earnings.
Alaska Air Group reported fourth-quarter operating revenue of $2.55 billion, up 3% Y/Y, in-line with the consensus of $2.55 billion. The company reported adjusted EPS of $0.30, down from $0.92 a year ago, beating the consensus estimate of $0.18.
Alaska Air Group shares rose 5.5% to $37.78 on Thursday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Vera Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vera#NASDAQ">VERA</a>) shares jumped 40.2% to $23.86 after the company announced 72-week data from the OLE period of its Phase 2b ORIGIN clinical trial. Also, Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $26 price target.</li>
<li>AlTi Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>) surged 18.8% to $6.71 after Raymond James upgraded the stock from Market Perform to Strong Buy and announced a $9 price target.</li>
<li>Hut 8 Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hut#NASDAQ">HUT</a>) rose 14.5% to $7.27.</li>
<li>Biomea Fusion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmea#NASDAQ">BMEA</a>) gained 14.1% to $17.12.</li>
<li>Alpine Immune Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alpn#NASDAQ">ALPN</a>) jumped 13.4% to $21.04.</li>
<li>United Rentals, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uri#NYSE">URI</a>) gained 13.3% to $653.64 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.</li>
<li>Richtech Robotics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rr#NASDAQ">RR</a>) rose 12% to $8.40. Richtech Robotics signed a Letter of Intent with Ghost Kitchens International.</li>
<li>Xerox Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xrx#NYSE">XRX</a>) gained 11.5% to $18.33 following quarterly results.</li>
<li>Nokia Oyj (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nok#NYSE">NOK</a>) gained 11.5% to $3.8050 after the company reported fourth-quarter financial results.</li>
<li>American Airlines Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) jumped 10.4% to $15.39 after the company reported better-than-expected fourth-quarter results.</li>
<li>International Business Machines Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibm#NYSE">IBM</a>) gained 10.3% to $191.84 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>ADT Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adt#NYSE">ADT</a>) gained 9.9% to $6.80 after the company announced it will exit its residential solar business. The company also said it would increase its dividend and authorize a $350 million share repurchase program.</li>
<li>TAL Education Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tal#NYSE">TAL</a>) gained 8.8% to $12.30 following a third-quarter revenue beat. Additionally, JP Morgan upgraded the stock to Overweight.</li>
<li>NextEra Energy Partners, LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nep#NYSE">NEP</a>) rose 7.2% to $28.76 after the company reported quarterly financial results.</li>
<li>W. R. Berkley Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wrb#NYSE">WRB</a>) gained 7.1% to $83.23 after the company reported better-than-expected quarterly financial results.</li>
<li>Terex Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tex#NYSE">TEX</a>) gained 6.4% to $61.35.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36781562/visa-gears-up-for-q4-print-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call"> Visa Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>

BofA Securities analyst Michael Feniger changed the rating of several machinery, E&amp;C, and waste management companies.
The analyst expects the EPS beats to be tougher to happen in 2024 owing to slow backlogs, moderating pricing, and inventory challenges in the machinery sector.
Nevertheless, Feniger writes that investors are not likely to fully underwrite lower backlogs in 2025 if indicators are gradually improving and the Fed starts to reduce rates.&nbsp;
Overall, the analyst says that consensus forecasts flat to negative EPS growth for the cyclical machinery sector in 2024, broadly in line with his views, with an expected tightening cycle pressuring demand and earnings, less support for the average price increase, plateauing capex and decelerating global GDP in the first half.
Also, the analyst writes that BofA expects the Fed to start cutting rates by 25bps per quarter in June until it reaches a terminal rate of 3% in 2026, which may eventually lead to a market revival.
For&nbsp;Oil &amp; Gas&nbsp;sector, BofA forecasts global D&amp;C capex growth of +3% in 2024, with huge weakness in North America (-6%) vs. strong international (+12%).
For&nbsp;Rental Equipment&nbsp;sector, Feniger projects capex to remain high in 2024, with the cycle reaching its peak and growth beyond 2024 likely to be limited.
Consequently, the&nbsp;analyst&nbsp;downgraded&nbsp;GFL Environmental Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFL#NYSE">GFL</a>) to Neutral (from Buy)&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/GFL/analyst-ratings" rel="noreferrer noopener">at a price target of $35</a>&nbsp;and&nbsp;Cummins Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) to Underperform from Neutral at a lowered&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/CMI/analyst-ratings" rel="noreferrer noopener">price target of $225 (from $243)</a>.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/36696799" rel="noreferrer noopener">Why This Cummins Analyst Is Downshifting On The Stock</a>
On the other hand, Feniger raised&nbsp;PACCAR Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) rating to Neutral from Underperform at an increased&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/PCAR/analyst-ratings" rel="noreferrer noopener">price target of $97 (from $84)</a>.
The analyst expects truck production to fall 20% to 272K units in FY24, on a decline in capex, lower ordering activity, fleet age normalizing, weak freight conditions, and declining used values.
The analyst anticipates the impact of this downturn to be more reflected in consensus for PACCAR than Cummins.&nbsp;
Also, Feniger downgraded Terex Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) to Underperform (from Neutral) with a<a href="https://www.benzinga.com/quote/tex/analyst-ratings" target="_blank" rel="noreferrer noopener"> price target of $57</a>.
Photo via Wikimedia Commons

Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $58.25, along with a high estimate of $63.00 and a low estimate of $52.00. A 15.98% drop is evident in the current average compared to the previous average price target of $69.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1705669223_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of Terex by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Feniger</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Underperform</td>
<td>$57.00</td>
<td>-</td>
</tr>
<tr>
<td>Stephen Volkmann</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$63.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$61.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$52.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Terex. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Terex compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Terex's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Terex's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/TEX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Terex analyst ratings.</a>
<h2>About Terex</h2>
Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.
<h3>A Deep Dive into Terex's Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining Terex's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 15.14% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.24%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Terex's ROE excels beyond industry benchmarks, reaching 8.14%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Terex's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.47%, the company showcases efficient use of assets and strong financial health.
Debt Management: Terex's debt-to-equity ratio is below the industry average at 0.53, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>How Are Analyst Ratings Determined?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 Analysts Assess Terex: What You Need To Know

B of A Securities analyst Michael Feniger downgrades Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) from Neutral to Underperform and announces $57 price target.

B of A Securities Downgrades Terex to Underperform, Announces $57 Price Target

In the last three months, 7 analysts have published ratings on Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $60.57, a high estimate of $63.00, and a low estimate of $52.00. This current average represents a 10.54% decrease from the previous average price target of $67.71. 
<img src="https://www.benzinga.com/files/images/story/2023/1703077209_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Terex is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Volkmann</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$63.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$61.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$52.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Adam Seiden</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$60.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$63.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Timothy Thein</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Timothy Thein</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$63.00</td>
<td>$65.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Terex. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Terex compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Terex's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Terex's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TEX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Terex analyst ratings.</a>
<h2>Get to Know Terex Better</h2>
Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.
<h3>Terex: Financial Performance Dissected</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Terex displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 15.14%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Terex's net margin excels beyond industry benchmarks, reaching 9.24%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Terex's ROE stands out, surpassing industry averages. With an impressive ROE of 8.14%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Terex's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.47%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.53.
<h2>The Basics of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Terex

Jefferies analyst Stephen Volkmann downgrades Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) from Buy to Hold and lowers the price target from $73 to $63.

Jefferies Downgrades Terex to Hold, Lowers Price Target to $63

It was revealed in a recent SEC filing that DAVID SACHS, Director at Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) made a noteworthy insider purchase on December 13,.
What Happened: In a recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000097216/000009721623000214//Archives/edgar/data/97216/000009721623000214/0000097216-23-000214-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, SACHS increased their investment in Terex by purchasing 50,000 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $2,552,250.
The latest market snapshot at Thursday morning reveals Terex shares up by 8.46%, trading at $57.19.
<h3>About Terex</h3>
Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.
<h3>A Deep Dive into Terex's Financials</h3>
Revenue Growth: Terex's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 15.14%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 22.67%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Terex's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.77.
</li>
</ul>
Debt Management: Terex's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.53.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 7.51 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.7 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Terex's EV/EBITDA ratio at 5.79 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Transaction Codes To Focus On</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000097216">Check Out The Full List Of Terex's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DAVID SACHS Of Terex Shows Optimism, Buys $2.55M In Stock

UBS analyst Steven Fisher maintains Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) with a Buy and lowers the price target from $75 to $61.

UBS Maintains Buy on Terex, Lowers Price Target to $61

Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Luxfer Holdings </h3>
<ul>
<li>The Trade: Luxfer Holdings PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>) Director Patrick K Mullen <a href="https://www.benzinga.com/quote/LXFR/analyst-ratings"> acquired a total of 11,735 shares </a> an average price of $8.37. To acquire these shares, it cost around $98,222.</li>
<li>What&rsquo;s Happening: Luxfer Holdings posted upbeat sales for the third quarter.</li>
<li>What Luxfer Holdings Does: Luxfer Holdings PLC is a global manufacturer of highly-engineered industrial materials which focuses on value creation by using its broad array of technical know-how and proprietary technologies.</li>
</ul>
<h3>Citizens Financial </h3>
<ul>
<li>The Trade: Citizens Financial Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cfg#NYSE">CFG</a>) Director Terrance Lillis acquired a total of 1,000 shares at an average price of $22.87. To acquire these shares, it cost around $22,865..</li>
<li>What&rsquo;s Happening: The company reported a revenue decline of 7% Y/Y to $2.01 billion, missing the analyst consensus of $2.04 billion.</li>
<li>What Citizens Financial Does: Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Delta Air Lines </h3>
<ul>
<li>The Trade: Delta Air Lines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) Director David S Taylor <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 10,000 shares </a> at an average price of $30.75. To acquire these shares, it cost around $307,500.</li>
<li>What&rsquo;s Happening: Delta Air Lines reported better-than-expected earnings for its third quarter.</li>
<li>What Delta Air Lines Does: Atlanta-based Delta Air Lines is one of the world&#39;s largest airlines, with a network of over 300 destinations in more than 50 countries.</li>
</ul>
<h3>Terex </h3>
<ul>
<li>The Trade: Terex Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tex#NYSE">TEX</a>) Director Andra Rush <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 1,130 shares </a> at an average price of $44.31. The insider spent around $50,070 to buy those shares.</li>
<li>What&rsquo;s Happening: Terex Corporation posted better-than-expected quarterly sales.</li>
<li>What Terex Does: Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks.</li>
<li>&nbsp;</li>
</ul>
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