Terex (NYSE:TEX) Stock Gets Price Target Reduction from Citigroup

Terex (NYSE:TEX) had its price target decreased by Citigroup from $80.00 to $65.00 in a research report sent to investors on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

TEX has been the topic of a number of other research reports. Truist Financial decreased their price target on Terex from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. DA Davidson assumed coverage on shares of Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Wall Street Zen downgraded shares of Terex from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, Barclays increased their price objective on shares of Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.64.

Terex Trading Down 2.0%

Shares of TEX stock opened at $52.13 on Monday. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The stock has a market cap of $5.96 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 0.97 and a beta of 1.47. The stock has a 50 day simple moving average of $60.48 and a 200 day simple moving average of $62.38. Terex has a 1 year low of $41.70 and a 1 year high of $74.69.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, research analysts predict that Terex will post 4.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Terex

A number of large investors have recently modified their holdings of TEX. GAMMA Investing LLC lifted its position in shares of Terex by 10.7% during 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 boosted its stake in Terex by 11.3% in the third quarter. Moody National Bank Trust Division now owns 30,994 shares of the industrial products company’s stock valued at $1,630,000 after buying an additional 3,144 shares in 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 valued at $568,000 after acquiring an additional 208 shares during 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 valued at $4,431,000 after acquiring an additional 3,718 shares during 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 valued at $2,271,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds 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.