Terex Corporation (NYSE:TEX) Receives $73.91 Consensus Target Price from Brokerages

Shares of Terex Corporation (NYSE:TEX) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $73.9091.

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. JPMorgan Chase & Co. dropped their price target on Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Citigroup upgraded Terex from a “neutral” rating to a “buy” rating and lifted their price target for the company from $73.00 to $75.00 in a research report on Monday, March 9th. Wall Street Zen downgraded Terex from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Evercore reiterated an “outperform” rating and set a $81.00 price target on shares of Terex in a research report on Monday, May 11th.

Terex Stock Up 0.9%

Shares of NYSE TEX opened at $57.81 on Friday. Terex has a 52 week low of $41.70 and a 52 week high of $71.50. The business has a 50-day simple moving average of $60.47 and a two-hundred day simple moving average of $57.79. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. The company has a market cap of $6.60 billion, a P/E ratio of 27.66, a P/E/G ratio of 0.89 and a beta of 1.57.

Terex (NYSE:TEX) last issued its earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue was up 41.1% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Research analysts anticipate that Terex will post 4.87 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider owned 48,706 shares in the company, valued at $2,996,880.18. The trade was a 10.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Terex

A number of hedge funds have recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Terex by 15.0% in the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after buying an additional 189 shares during the last quarter. M&T Bank Corp lifted its position in Terex by 3.1% in the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after buying an additional 225 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Terex by 2.5% in the 4th quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock worth $494,000 after buying an additional 228 shares during the last quarter. Waterfront Wealth Inc. lifted its position in Terex by 0.7% in the 3rd quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock worth $2,106,000 after buying an additional 260 shares during the last quarter. Finally, Drum Hill Capital LLC lifted its position in Terex by 0.6% in the 4th quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock worth $2,566,000 after buying an additional 278 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Terex Company Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.