Terex Corporation (NYSE:TEX) Stock Has Average Price Target of $77.10 According to Brokerages

Key Points

• Analyst sentiment is moderately bullish: Eleven firms give Terex a consensus “Moderate Buy” rating, with an average 12-month price target of $77.10.
• Terex beat quarterly expectations, reporting EPS of $1.50 versus $1.42 expected and revenue of $2.20 billion versus $2.16 billion expected; revenue rose 58.4% year over year. The company also approved a $500 million share buyback.
• Analysts’ views and estimates are mixed: some firms cut price targets or near-term forecasts, while KeyCorp raised longer-term EPS estimates. Terex also declared a quarterly dividend of $0.17 per share.

Shares of Terex Corporation (NYSE:TEX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $77.10.

Several equities analysts recently commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Terex in a research report on Thursday, October 15th. Wall Street Zen cut Terex from a "buy" rating to a "hold" rating in a research note on Saturday, October 10th. Morgan Stanley decreased their price target on shares of Terex from $86.00 to $84.00 and set an "overweight" rating on the stock in a research note on Thursday, October 29th. JPMorgan Chase & Co. decreased 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. Finally, 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 research report on Monday, October 12th.

Key Headlines Impacting Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Terex reported higher Q3 sales and approved a $500 million buyback, which could support per-share earnings and signal confidence in the business. Article: Terex stock: Q3 sales rise as board approves USD 500 million buyback
• Positive Sentiment: KeyCorp raised several earnings forecasts, including full-year EPS estimates to $5.01 for 2026, $5.84 for 2027 and $6.88 for 2028. The longer-term increases suggest improved analyst expectations. Terex analyst estimates
• Negative Sentiment: KeyCorp lowered its Q4 2026 EPS estimate to $1.12 from $1.19 and its Q4 2027 estimate to $1.42 from $1.45, indicating some near-term caution. Terex analyst estimates

Terex Price Performance

TEX stock opened at $54.94 on Friday. The firm has a 50 day moving average price of $56.31 and a 200-day moving average price of $61.78. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 1.07 and a beta of 1.48. Terex has a 52-week low of $41.70 and a 52-week high of $74.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.76.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.16 billion. Terex had a return on equity of 11.79% and a net margin of 2.64%. Terex's revenue was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 EPS. Equities research analysts forecast that Terex will post 4.92 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 9th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, November 9th. Terex's payout ratio is currently 34.34%.

Institutional Trading of Terex

Institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new position in Terex in the 2nd quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Terex during the second quarter worth $35,000. Essential Partners LLC boosted its holdings in shares of Terex by 171.2% during the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company's stock worth $33,000 after buying an additional 356 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Terex in the second quarter valued at about $51,000. Finally, Quantbot Technologies LP purchased a new stake in Terex during the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

About Terex

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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