JPMorgan Chase & Co. Cuts Terex (NYSE:TEX) Price Target to $68.00

Terex (NYSE:TEX) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $80.00 to $68.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 6.56% from the stock’s previous close.

A number of other research analysts have also issued reports on TEX. DA Davidson assumed coverage on shares of Terex in a research note on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price on the stock. Evercore reissued an “outperform” rating and set a $81.00 target price on shares of Terex in a research report on Monday, May 11th. Citigroup upped 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. Truist Financial raised their price target on Terex from $92.00 to $96.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Terex presently has a consensus rating of “Moderate Buy” and an average target price of $78.73.

Terex Stock Performance

Terex stock traded up $1.59 during trading hours on Friday, reaching $63.81. 1,650,791 shares of the company were exchanged, compared to its average volume of 1,586,590. Terex has a 12 month low of $41.70 and a 12 month high of $74.69. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $65.20 and a 200 day moving average of $63.14. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 1.01 and a beta of 1.49.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. Terex had a net margin of 1.87% and a return on equity of 13.43%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $1.49 earnings per share. The company’s quarterly revenue was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, research analysts anticipate that Terex will post 4.85 earnings per share for the current year.

Insider Transactions at Terex

In related news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the transaction, the insider directly owned 48,706 shares in the company, valued at $2,996,880.18. This represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Terex

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new stake in Terex in the 3rd quarter worth $121,724,000. Invesco Ltd. raised its position in shares of Terex by 801.3% during the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock valued at $82,283,000 after buying an additional 1,425,996 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Terex during the fourth quarter valued at about $69,802,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Terex by 11,448.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock valued at $73,220,000 after buying an additional 1,228,196 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Terex by 29.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock valued at $262,527,000 after buying an additional 1,008,444 shares during the period. 92.88% of the stock is owned by institutional investors.

Key Terex News

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Q2 results exceeded expectations. Terex reported adjusted EPS of $1.37, ahead of the roughly $1.23–$1.25 consensus, while revenue reached $2.24 billion versus estimates of $2.14 billion. Sales rose 50.5% year over year, helped in part by the REV Group acquisition. Terex Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 outlook. Terex now expects revenue of $7.9 billion to $8.2 billion and adjusted EBITDA of $960 million to $1.0 billion. The company also reported $2.0 billion of bookings, up 25.2% on a pro forma basis, and a $6.9 billion backlog, supporting visibility into future demand. Terex posts strong Q2 results, raises 2026 outlook
• Positive Sentiment: Truist became more bullish. The firm raised its price target from $92 to $96 and maintained a “Buy” rating, implying substantial potential upside based on the referenced trading level.
• Positive Sentiment: REV Group integration expands Terex’s vehicle portfolio. Terex completed the previously announced REV Group acquisition, adding specialized vehicle offerings serving emergency services and other essential markets. Investors may view the transaction as a catalyst for broader sales and cross-selling opportunities. Terex Completes REV Group Acquisition, Enhancing Vehicle Portfolio
• Neutral Sentiment: Reported growth benefited from the acquisition. Pro forma sales increased 8.5%, a more moderate rate than the reported 50.5% increase, while the 90% book-to-bill ratio indicates shipments exceeded new orders during the quarter.
• Negative Sentiment: GAAP profitability declined year over year. Net income rose to $110 million, but GAAP EPS fell to $0.96 from $1.09, and adjusted EPS declined from $1.49. Continued integration costs or weaker margins could limit the upside from the stronger revenue outlook.
• Negative Sentiment: Insider selling is a cautionary signal. Reported insider transactions showed six sales and no purchases over the past six months, though these trades do not necessarily indicate a change in management’s business outlook.

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.