Terex (NYSE:TEX) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Terex (NYSE:TEX) had its price target cut by JPMorgan Chase & Co. from $68.00 to $58.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other research firms have also weighed in on TEX. Truist Financial decreased their target price on shares of Terex from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Citigroup raised their price target on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Morgan Stanley restated an “overweight” rating and set a $86.00 price target on shares of Terex in a research report on Monday, August 3rd. Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Terex Stock Down 3.3%

Shares of NYSE TEX opened at $50.63 on Thursday. Terex has a 52 week low of $41.70 and a 52 week high of $74.69. The business has a 50-day simple moving average of $61.29 and a two-hundred day simple moving average of $62.52. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The company has a market cap of $5.79 billion, a P/E ratio of 25.83, a P/E/G ratio of 0.77 and a beta of 1.47.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. Terex had a return on equity of 12.24% and a net margin of 2.23%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the business posted $1.49 earnings per share. The company’s revenue was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Research analysts anticipate that Terex will post 4.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Terex

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Terex by 10.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,536 shares of the industrial products company’s stock worth $133,000 after buying an additional 246 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Terex by 11.3% during the 3rd quarter. Moody National Bank Trust Division now owns 30,994 shares of the industrial products company’s stock worth $1,630,000 after acquiring an additional 3,144 shares during the last quarter. QRG Capital Management Inc. grew its position in Terex by 2.7% in the second quarter. QRG Capital Management Inc. now owns 7,847 shares of the industrial products company’s stock worth $568,000 after acquiring an additional 208 shares in the last quarter. Baird Financial Group Inc. grew its position in Terex by 6.5% in the second quarter. Baird Financial Group Inc. now owns 61,214 shares of the industrial products company’s stock worth $4,431,000 after acquiring an additional 3,718 shares in the last quarter. Finally, Arizona State Retirement System grew its position in Terex by 0.7% in the second quarter. Arizona State Retirement System now owns 31,373 shares of the industrial products company’s stock worth $2,271,000 after acquiring an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Company Profile

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.