Terex Corporation (NYSE:TEX) Stock Has Average Target Price of $75.64 According to Analysts

Terex Corporation (NYSE:TEX) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $75.64.

TEX has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on Terex from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, October 5th. JPMorgan Chase & Co. cut their price target on shares of Terex from $68.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Morgan Stanley reissued an “overweight” rating and set a $86.00 price objective on shares of Terex in a research note on Monday, August 3rd. Wall Street Zen cut shares of Terex from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Finally, Barclays boosted their price objective on shares of Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, July 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC acquired a new position in Terex in the second quarter valued at about $29,000. Essential Partners LLC raised its position in shares of Terex by 171.2% during the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 356 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Terex during the second quarter worth about $35,000. Optiver Holding B.V. raised its position in shares of Terex by 67.5% during the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 315 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Terex during the 1st quarter valued at about $47,000. 92.88% of the stock is currently owned by institutional investors.

Terex Stock Down 3.4%

Shares of Terex stock opened at $50.88 on Tuesday. The business has a fifty day simple moving average of $59.89 and a 200 day simple moving average of $62.27. The stock has a market cap of $5.81 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 0.93 and a beta of 1.47. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. Terex has a 12 month low of $41.70 and a 12 month high of $74.69.

Terex (NYSE:TEX) last released its 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 analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm posted $1.49 earnings per share. The company’s quarterly 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 predict that Terex will post 4.98 EPS for the current year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 9th will be given a $0.17 dividend. The ex-dividend date is Monday, November 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. Terex’s dividend payout ratio is currently 34.69%.

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.