Terex (NYSE:TEX) Stock Price Target Lowered at Citigroup

Terex (NYSE:TEX) had its price target decreased by Citigroup from $80.00 to $65.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Citigroup’s price target suggests a potential upside of 26.85% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley reissued an “overweight” rating and set a $86.00 price target on shares of Terex in a report on Monday, August 3rd. Truist Financial cut their price objective on shares of Terex from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. JPMorgan Chase & Co. reduced their price objective on shares of Terex from $68.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday. Finally, DA Davidson initiated coverage on shares of Terex in a research report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.64.

Terex Stock Performance

Shares of TEX traded up $0.57 during mid-day trading on Monday, reaching $51.24. 2,352,956 shares of the company’s stock traded hands, compared to its average volume of 1,491,919. The business’s 50-day moving average price is $61.29 and its 200-day moving average price is $62.54. The stock has a market capitalization of $5.85 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 0.77 and a beta of 1.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82. Terex has a 12 month low of $41.70 and a 12 month high of $74.69.

Terex (NYSE:TEX) last issued its quarterly earnings data 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. Terex had a return on equity of 12.24% and a net margin of 2.23%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company posted $1.49 EPS. The business’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 analysts predict that Terex will post 4.97 earnings per share for the current year.

Hedge Funds Weigh In On Terex

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Terex by 10.7% in 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 in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of 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 during the period. QRG Capital Management Inc. lifted its holdings in shares of 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 buying an additional 208 shares during the period. Baird Financial Group Inc. boosted its stake in Terex by 6.5% during 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 buying an additional 3,718 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in Terex by 0.7% during 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 buying an additional 210 shares in the last quarter. 92.88% of the stock is owned by institutional investors.

About Terex

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.