Terex (NYSE:TEX) Price Target Raised to $70.00

Terex (NYSE:TEX) had its target price upped by analysts at Wells Fargo & Company from $56.00 to $70.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 9.80% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st. Robert W. Baird set a $100.00 target price on Terex in a research report on Thursday. Morgan Stanley upgraded Terex from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $47.00 to $60.00 in a research report on Wednesday, December 10th. Truist Financial increased their price target on Terex from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Monday, October 27th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Terex has an average rating of “Moderate Buy” and a consensus price target of $66.70.

Terex Stock Down 7.7%

Shares of NYSE TEX opened at $63.75 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.20 and a current ratio of 2.30. Terex has a 1 year low of $31.53 and a 1 year high of $71.50. The stock’s 50-day simple moving average is $57.38 and its 200-day simple moving average is $52.75. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 7.16 and a beta of 1.68.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TEX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Terex by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 173,825 shares of the industrial products company’s stock worth $9,279,000 after purchasing an additional 2,901 shares during the last quarter. Wells Fargo & Company MN increased its stake in Terex by 25.8% during the fourth quarter. Wells Fargo & Company MN now owns 434,762 shares of the industrial products company’s stock valued at $23,208,000 after acquiring an additional 89,282 shares during the period. Quadrant Capital Group LLC boosted its stake in Terex by 6.8% during the fourth quarter. Quadrant Capital Group LLC now owns 6,407 shares of the industrial products company’s stock worth $342,000 after buying an additional 408 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Terex by 10.0% during the fourth quarter. Advisors Asset Management Inc. now owns 99,358 shares of the industrial products company’s stock valued at $5,304,000 after purchasing an additional 9,073 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its holdings in shares of Terex by 9,656.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 19,513 shares of the industrial products company’s stock worth $1,042,000 after purchasing an additional 19,313 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 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.