Terex (NYSE:TEX) Stock Rating Reaffirmed as "Buy" by Truist Financial

Key Points

• Truist Financial reaffirmed its “Buy” rating on Terex and raised its price target to $87 from $85, implying approximately 52% upside from the reported $57.22 share price.
• Terex reported quarterly earnings of $1.50 per share, beating the $1.42 consensus estimate, while revenue rose 58.4% year over year to $2.20 billion. The stock gained 7.2% during Thursday trading.
• Analyst sentiment remains positive but mixed, with MarketBeat reporting a consensus “Moderate Buy” rating and an average price target of $74.91.

Terex (NYSE:TEX - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Truist Financial in a report released on Thursday, Benzinga reports. They presently have a $87.00 price objective on the industrial products company's stock, up from their prior price objective of $85.00. Truist Financial's target price would indicate a potential upside of 52.03% from the company's current price.

TEX has been the topic of several other reports. Weiss Ratings restated a "hold (c)" rating on shares of Terex in a research report on Thursday, October 15th. Wall Street Zen lowered Terex from a "buy" rating to a "hold" rating in a research report on Saturday, October 10th. Citigroup dropped their target price on shares of Terex from $80.00 to $65.00 and set a "buy" rating on the stock in a report on Monday, October 12th. Wells Fargo & Company dropped their target price on shares of Terex from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Terex from $68.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.91.

Terex Trading Up 7.2%

NYSE TEX traded up $3.85 during trading on Thursday, hitting $57.22. The company had a trading volume of 1,111,397 shares, compared to its average volume of 1,518,832. 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 has a one year low of $41.70 and a one year high of $74.69. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 0.94 and a beta of 1.47. The company's fifty day moving average is $57.54 and its 200-day moving average is $61.92.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Wednesday, October 28th. The industrial products company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.08. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The company's revenue for the quarter was up 58.4% compared to the same quarter last year. On average, sell-side analysts predict that Terex will post 4.98 earnings per share for the current year.

Hedge Funds Weigh In On Terex

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Terex in the second quarter worth about $1,063,541,000. Freestone Grove Partners LP purchased a new stake in shares of Terex during the 2nd quarter valued at about $116,558,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 worth $73,220,000 after purchasing an additional 1,228,196 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Terex by 29.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company's stock worth $262,527,000 after purchasing an additional 1,008,444 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Terex in the second quarter worth approximately $68,204,000. Institutional investors own 92.88% of the company's stock.

Terex News Summary

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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