JPMorgan Chase & Co. Boosts Terex (NYSE:TEX) Price Target to $80.00

Terex (NYSE:TEX) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $69.00 to $80.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 19.97% from the company’s current price.

A number of other brokerages have also commented on TEX. Wall Street Zen lowered shares of Terex from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. Evercore reaffirmed an “outperform” rating and issued a $81.00 price target on shares of Terex in a research note on Monday, May 11th. DA Davidson assumed coverage on shares of Terex in a report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective for the company. Finally, Barclays began coverage on shares of Terex in a report on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.55.

Terex Price Performance

TEX stock traded down $0.79 during midday trading on Monday, reaching $66.69. 156,217 shares of the company’s stock traded hands, compared to its average volume of 1,599,332. The company has a 50-day simple moving average of $63.84 and a two-hundred day simple moving average of $62.12. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. Terex has a 1-year low of $41.70 and a 1-year high of $74.69. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.06 and a beta of 1.49.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The business’s revenue was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, analysts anticipate that Terex will post 4.84 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Joshua Gross sold 5,874 shares of the stock in a transaction dated 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 filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TEX. Capricorn Fund Managers Ltd acquired a new stake in Terex in the fourth quarter valued at $6,939,000. CenterBook Partners LP acquired a new stake in Terex in the 4th quarter valued at about $934,000. M&T Bank Corp grew its holdings in Terex by 814.9% during the fourth quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company’s stock worth $3,657,000 after purchasing an additional 61,014 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Terex during the first quarter worth approximately $6,439,000. Finally, SG Americas Securities LLC raised its stake in Terex by 147.8% in the fourth quarter. SG Americas Securities LLC now owns 40,032 shares of the industrial products company’s stock valued at $2,137,000 after buying an additional 23,875 shares during the period. Institutional investors and hedge funds 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.