Terex (NYSE:TEX) Stock Price Target Lowered at Morgan Stanley

Key Points

• Morgan Stanley lowered Terex’s price target to $84 from $86 while maintaining an “overweight” rating, implying roughly 47.7% upside from the cited closing price.
• Analyst sentiment remains generally positive: Terex has a consensus “Moderate Buy” rating and an average price target of $74.73, though several firms recently reduced their targets.
• Terex exceeded quarterly expectations with $1.50 EPS and $2.20 billion in revenue, while institutional investors own approximately 92.9% of the company’s shares.

Terex (NYSE:TEX - Get Free Report) had its target price decreased by analysts at Morgan Stanley from $86.00 to $84.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the industrial products company's stock. Morgan Stanley's target price points to a potential upside of 47.73% from the company's previous close.

A number of other research analysts have also issued reports on the stock. Citigroup decreased their target price on shares of Terex from $80.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday, October 12th. JPMorgan Chase & Co. dropped their price target on shares of Terex from $68.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, October 8th. Barclays boosted their price target on Terex from $65.00 to $70.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. Wall Street Zen downgraded Terex from a "buy" rating to a "hold" rating in a research report on Saturday, October 10th. Finally, Wells Fargo & Company lowered their price objective on Terex from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.73.

Terex Stock Performance

Shares of TEX stock traded up $3.49 during trading on Thursday, reaching $56.86. 1,385,324 shares of the company's stock were exchanged, compared to its average volume of 1,520,520. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $6.50 billion, a PE ratio of 29.08, a PEG ratio of 0.94 and a beta of 1.47. Terex has a twelve month low of $41.70 and a twelve month high of $74.69. The firm's fifty day moving average price is $57.54 and its 200-day moving average price is $61.92.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.08. Terex had a return on equity of 12.24% and a net margin of 2.23%. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The business's revenue was up 58.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Terex will post 4.98 EPS for the current year.

Institutional Investors Weigh In On Terex

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Terex during the 2nd quarter worth $1,063,541,000. Dimensional Fund Advisors LP boosted its stake in 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 buying an additional 1,008,444 shares in the last quarter. Freestone Grove Partners LP bought a new position in Terex in the second quarter valued at about $116,558,000. Arrowstreet Capital Limited Partnership grew its position in Terex by 11,448.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company's stock valued at $73,220,000 after acquiring an additional 1,228,196 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Terex during the second quarter worth about $68,204,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Key Terex News

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Third-quarter results exceeded expectations. Terex reported sales of approximately $2.2 billion, up 58.4% year over year, while adjusted diluted EPS was $1.50 versus the $1.42 analyst consensus. Adjusted EBITDA reached $286 million, with a 13.0% margin. Terex Reports Third Quarter 2026 Results
• Positive Sentiment: Orders and backlog strengthened. Pro forma bookings rose 52.7% to $2.3 billion, supporting a backlog of roughly $7.0 billion and signaling solid future revenue visibility. Free cash flow increased to $209 million in the quarter. Terex Shares Surge as Earnings Beat Estimates and Orders Jump
• Positive Sentiment: Capital returns received a boost. Terex authorized an additional $500 million share-repurchase program and returned $91 million to shareholders through dividends and buybacks during the quarter. Terex Posts Strong Q3 Results, Boosts Outlook and Buybacks
• Positive Sentiment: Analyst support improved. Truist Securities raised its Terex price target to $87 from $85 while maintaining a Buy rating, reinforcing the bullish interpretation of the earnings report. Truist Raises Terex Price Target
• Neutral Sentiment: Terex refined its 2026 outlook to $8.0–$8.2 billion in sales, $930–$960 million in adjusted EBITDA, and $360–$400 million in free cash flow. The midpoint is broadly near analyst expectations, limiting the guidance-related upside. Terex 2026 Revenue Outlook
• Negative Sentiment: The adjusted 2026 EPS outlook of $4.80–$5.00 is slightly below the FactSet estimate of $4.99 at the midpoint, which could temper enthusiasm despite the quarterly beat. Terex 2026 EPS Outlook

Terex Company Profile

Terex Corporation NYSE: TEX is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling and material processing. The company designs and produces machinery intended to help customers build, maintain and improve transportation networks, commercial sites, utility systems and industrial facilities.

Terex operates primarily through its Aerial Work Platforms and Materials Processing businesses. Its products include aerial lifts, telehandlers and other access equipment, as well as crushing, screening, conveying, washing, recycling and environmental-processing machinery.

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