JPMorgan Chase & Co. Has Lowered Expectations for Terex (NYSE:TEX) Stock Price

Key Points

• JPMorgan lowered Terex’s price target from $68 to $58 while maintaining a “neutral” rating, implying about 10.8% upside from the stock’s previous close.
• Analyst sentiment remains generally positive: Terex has a consensus “Moderate Buy” rating and an average price target of $77, though targets range from $70 to $85 among other recent brokerages.
• Terex shares traded at $52.34, while the company’s latest quarterly results exceeded expectations with adjusted EPS of $1.37 versus a $1.23 consensus and revenue of $2.24 billion.

Terex (NYSE:TEX - Get Free Report) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $68.00 to $58.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 10.81% from the stock's previous close.

Several other brokerages have also recently issued reports on TEX. Wall Street Zen upgraded Terex from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Barclays boosted their target price on shares of Terex from $65.00 to $70.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. DA Davidson started coverage on shares of Terex in a research note on Wednesday, June 24th. They set a "strong-buy" rating and a $81.00 target price for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a report on Friday, July 17th. Finally, Truist Financial cut their price target on shares of Terex from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Monday. Two 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.00.

Terex Stock Performance

Shares of TEX traded down $1.79 during mid-day trading on Thursday, reaching $52.34. The company's stock had a trading volume of 1,625,632 shares, compared to its average volume of 1,486,405. The business has a 50-day simple moving average of $61.74 and a two-hundred day simple moving average of $62.64. Terex has a 1-year low of $41.70 and a 1-year high of $74.69. The stock has a market cap of $5.98 billion, a P/E ratio of 26.71, a PEG ratio of 0.86 and a beta of 1.47. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.23 by $0.14. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. Terex's revenue was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 EPS. 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 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Moody National Bank Trust Division lifted its position in 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 worth $1,630,000 after buying an additional 3,144 shares during the last quarter. QRG Capital Management Inc. increased its stake in Terex by 2.7% in the 2nd quarter. QRG Capital Management Inc. now owns 7,847 shares of the industrial products company's stock worth $568,000 after buying an additional 208 shares during the period. Baird Financial Group Inc. increased its position in shares of Terex by 6.5% during the second quarter. Baird Financial Group Inc. now owns 61,214 shares of the industrial products company's stock worth $4,431,000 after acquiring an additional 3,718 shares during the period. Arizona State Retirement System increased its holdings in Terex by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 31,373 shares of the industrial products company's stock worth $2,271,000 after purchasing an additional 210 shares during the period. Finally, Nykredit A S bought a new position in shares of Terex during the 2nd quarter worth $198,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

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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