Terex Corporation (NYSE:TEX) Receives $78.91 Consensus Target Price from Analysts

by · The Markets Daily

Shares of Terex Corporation (NYSE:TEX – Get Free Report) have earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $78.9091.

A number of analysts recently weighed in on TEX shares. Truist Financial lifted their price target on Terex from $92.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. DA Davidson assumed coverage on Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price for the company. Citigroup raised their target price on Terex from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st.

Check Out Our Latest Analysis on TEX

Terex Trading Down 0.1%

NYSE TEX opened at $58.97 on Friday. The stock has a market capitalization of $6.74 billion, a P/E ratio of 30.09, a P/E/G ratio of 0.90 and a beta of 1.50. Terex has a 52-week low of $41.70 and a 52-week high of $74.69. The firm has a 50-day moving average price of $64.36 and a 200 day moving average price of $63.16. 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 (NYSE:TEX – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. Terex had a return on equity of 12.24% and a net margin of 2.23%.The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company earned $1.49 EPS. The firm’s revenue for the quarter was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities research analysts expect that Terex will post 5 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, August 11th were paid a $0.17 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. Terex’s dividend payout ratio (DPR) is 34.69%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC acquired a new stake in shares of Terex during the 2nd quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Terex in the 2nd quarter worth approximately $35,000. Essential Partners LLC grew its holdings in shares of Terex by 171.2% in the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 356 shares during the period. Allworth Financial LP purchased a new position in Terex in the 2nd quarter valued at approximately $51,000. Finally, Quantbot Technologies LP purchased a new position in Terex in the 2nd quarter valued at approximately $53,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Company Profile

(Get Free Report)

Terex Corporation (NYSE:TEX) is a global manufacturer of equipment used in construction, infrastructure development, utilities, quarrying, mining, recycling and other industrial applications. The company operates through two principal business segments: Aerial Work Platforms and Materials Processing.

Through its Genie brand, Terex produces aerial work platforms and related equipment, including boom lifts, scissor lifts, telehandlers and vertical mast lifts. Its Materials Processing segment supplies machinery used to crush, screen, wash, convey and process materials, along with equipment for recycling, wood processing and environmental applications.

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