Terex (NYSE:TEX – Get Free Report) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $68.00 to $58.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 10.81% from the stock’s current price.
A number of other research firms have also recently commented on TEX. Barclays upped their price target on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Truist Financial reduced their price target on shares of Terex from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Monday. Citigroup lifted their price objective on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. DA Davidson started 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. Finally, Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Terex presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.
View Our Latest Research Report on Terex
Terex Price Performance
Terex (NYSE:TEX – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The business’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, equities research analysts anticipate that Terex will post 4.99 EPS for the current fiscal year.
Institutional Trading of Terex
Several hedge funds have recently bought and sold shares of TEX. BlackRock Inc. bought a new stake in Terex in the second quarter worth about $1,063,541,000. Dimensional Fund Advisors LP boosted its position in shares of Terex by 29.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock valued at $262,527,000 after acquiring an additional 1,008,444 shares during the period. Freestone Grove Partners LP bought a new stake in shares of Terex during the second quarter valued at approximately $116,558,000. Arrowstreet Capital Limited Partnership boosted its stake in Terex by 11,448.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock valued at $73,220,000 after buying an additional 1,228,196 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Terex during the 2nd quarter worth approximately $68,204,000. 92.88% of the stock is currently 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.
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