Terex (NYSE:TEX) Stock Price Expected to Rise, Truist Financial Analyst Says

Terex (NYSE:TEX) had its target price boosted by Truist Financial from $72.00 to $82.00 in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price would suggest a potential upside of 18.38% from the stock’s current price.

Other analysts have also issued research reports about the stock. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Monday, October 27th. UBS Group dropped their price target on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Wells Fargo & Company raised their price objective on shares of Terex from $50.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley raised shares of Terex from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $47.00 to $60.00 in a research report on Wednesday, December 10th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Terex presently has a consensus rating of “Moderate Buy” and an average target price of $66.70.

Terex Stock Up 5.6%

Shares of TEX opened at $69.27 on Thursday. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 6.80 and a beta of 1.68. Terex has a 52 week low of $31.53 and a 52 week high of $71.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.20 and a current ratio of 2.30. The stock has a fifty day moving average of $57.77 and a 200-day moving average of $52.88.

Terex (NYSE:TEX) last announced its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.12. Terex had a net margin of 4.08% and a return on equity of 16.51%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the company posted $0.77 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. As a group, sell-side analysts anticipate that Terex will post 4.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Terex

Several institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Terex by 565.8% in the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after buying an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 369 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Terex by 6,800.0% during the second quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 680 shares during the last quarter. Bessemer Group Inc. raised its position in shares of 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 buying an additional 259 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Terex in the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

About Terex

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.