Terex (NYSE:TEX) Price Target Cut to $60.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target on Terex from $76 to $60 and maintained a neutral rating, implying roughly a 5% downside from the prior close.
• Analyst consensus remains a Moderate Buy with an average target of $70.73; Terex trades near $63.17 after reporting Q EPS of $1.12 (in line) and $1.32B revenue (beat), and guiding FY2026 EPS of 4.50–5.00.
• Insider Kieran Hegarty sold 11,980 shares (~$829K) in February; insiders own 1.9% of the company while institutional investors hold about 92.9% of the stock.

Terex (NYSE:TEX - Get Free Report) had its price target lowered by equities researchers at JPMorgan Chase & Co. from $76.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 5.02% from the stock's previous close.

A number of other analysts have also recently commented on TEX. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a research note on Wednesday, January 21st. Truist Financial lifted their target price on shares of Terex from $72.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Robert W. Baird set a $100.00 price target on Terex in a research note on Thursday, February 12th. Barclays started coverage on Terex in a report on Tuesday, March 31st. They issued an "overweight" rating and a $65.00 price objective on the stock. Finally, Wall Street Zen downgraded Terex from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 21st. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $70.73.

Terex Stock Performance

TEX stock traded down $1.22 during trading on Friday, reaching $63.17. The company had a trading volume of 568,549 shares, compared to its average volume of 1,869,168. The firm has a 50-day simple moving average of $62.91 and a 200-day simple moving average of $56.10. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.64. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.36 and a current ratio of 2.30. Terex has a twelve month low of $33.13 and a twelve month high of $71.50.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Wednesday, February 11th. The industrial products company reported $1.12 EPS for the quarter, hitting analysts' consensus estimates of $1.12. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.30 billion. Terex had a net margin of 4.08% and a return on equity of 16.51%. Terex's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.77 EPS. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. As a group, sell-side analysts expect that Terex will post 4.83 earnings per share for the current year.

Insiders Place Their Bets

In other Terex news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the completion of the transaction, the insider owned 173,495 shares in the company, valued at approximately $12,012,793.80. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company's stock.

Institutional Trading of Terex

Several hedge funds and other institutional investors have recently bought and sold shares of TEX. Smartleaf Asset Management LLC raised its holdings in Terex by 565.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company's stock worth $25,000 after purchasing an additional 413 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock worth $28,000 after purchasing an additional 369 shares during the period. Strs Ohio acquired a new position in Terex in the 1st quarter worth about $30,000. Rise Advisors LLC increased its stake in Terex by 108.9% during the 3rd quarter. Rise Advisors LLC now owns 1,274 shares of the industrial products company's stock worth $65,000 after buying an additional 664 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Terex by 15.0% during the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company's stock worth $77,000 after buying an additional 189 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

About Terex

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.

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