Wall Street Zen Downgrades Terex (NYSE:TEX) to Buy

Terex (NYSE:TEX) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Other equities research analysts also recently issued research reports about the company. UBS Group cut their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Morgan Stanley raised Terex from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $47.00 to $60.00 in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a report on Wednesday, October 8th. Raymond James Financial raised shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Monday, October 27th. Finally, Citigroup decreased their target price on shares of Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Terex has an average rating of “Moderate Buy” and an average price target of $57.73.

Terex Stock Performance

Shares of TEX stock opened at $53.94 on Friday. Terex has a one year low of $31.53 and a one year high of $58.66. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 5.40 and a beta of 1.70. The company has a 50 day moving average price of $49.50 and a 200 day moving average price of $49.92. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.20 and a current ratio of 2.15.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.28. Terex had a net margin of 2.92% and a return on equity of 15.93%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the firm posted $1.46 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Sell-side analysts anticipate that Terex will post 4.83 EPS for the current year.

Insider Activity at Terex

In related news, Director Andra Rush acquired 2,120 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $46.59 per share, with a total value of $98,770.80. Following the completion of the transaction, the director owned 25,428 shares of the company’s stock, valued at approximately $1,184,690.52. This trade represents a 9.10% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Terex by 68.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock worth $32,909,000 after buying an additional 285,186 shares during the period. SG Americas Securities LLC bought a new position in Terex in the 2nd quarter worth $613,000. QRG Capital Management Inc. lifted its position in Terex by 6.6% during the 2nd quarter. QRG Capital Management Inc. now owns 5,954 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 368 shares during the last quarter. XTX Topco Ltd acquired a new position in Terex during the 2nd quarter worth $1,551,000. Finally, Nordea Investment Management AB boosted its holdings in Terex by 37.5% during the second quarter. Nordea Investment Management AB now owns 149,487 shares of the industrial products company’s stock valued at $7,021,000 after acquiring an additional 40,754 shares during the period. 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.