UBS Group Lowers Terex (NYSE:TEX) Price Target to $51.00

Terex (NYSE:TEX) had its price target lowered by UBS Group from $52.00 to $51.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price target would indicate a potential upside of 11.10% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. Citigroup decreased their target price on Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Truist Financial set a $62.00 target price on Terex in a report on Monday, August 4th. Finally, Morgan Stanley set a $47.00 price target on Terex and gave the stock an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Terex presently has an average rating of “Moderate Buy” and an average price target of $57.20.

Terex Price Performance

Shares of TEX opened at $45.91 on Thursday. Terex has a 52 week low of $31.53 and a 52 week high of $58.66. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 5.69 and a beta of 1.76. The stock has a 50 day moving average of $52.09 and a 200-day moving average of $48.72.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.28. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business posted $1.46 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, analysts forecast that Terex will post 4.83 EPS for the current year.

Insider Buying and Selling

In other Terex news, Director Andra Rush purchased 2,120 shares of Terex stock in a transaction on Friday, October 31st. The stock was bought at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the transaction, the director owned 25,428 shares of the company’s stock, valued at $1,184,690.52. The trade was a 9.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Scott Posner sold 5,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total value of $252,500.00. Following the completion of the transaction, the vice president directly owned 70,308 shares of the company’s stock, valued at approximately $3,550,554. The trade was a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Several institutional investors have recently bought and sold shares of TEX. Fifth Third Bancorp increased its stake in Terex by 22.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,104 shares of the industrial products company’s stock valued at $52,000 after buying an additional 199 shares during the period. M&T Bank Corp increased its stake in shares of Terex by 3.1% during the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after acquiring an additional 225 shares during the period. Rise Advisors LLC raised its holdings in Terex by 65.3% during the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 241 shares in the last quarter. Bessemer Group Inc. boosted its stake in Terex by 56.4% during the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 259 shares in the last quarter. Finally, Waterfront Wealth Inc. increased its position in shares of Terex by 0.7% during the 3rd quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock valued at $2,106,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.