Terex (NYSE:TEX) Rating Increased to Buy at Wall Street Zen

Key Points

• Terex's stock rating has been upgraded to Buy by Wall Street Zen, reflecting growing analyst confidence in the company.
• Truist Financial set a new target price of $62.00, indicating a bullish outlook for Terex's shares.
• Terex recently reported $1.49 earnings per share, surpassing expectations and showing a 7.6% revenue increase year-over-year.

Terex (NYSE:TEX - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.

Several other equities research analysts have also weighed in on TEX. Truist Financial set a $62.00 target price on shares of Terex in a report on Monday, August 4th. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. The Goldman Sachs Group raised Terex from a "neutral" rating to a "buy" rating and lifted their price target for the company from $45.00 to $60.00 in a report on Tuesday, May 27th. Evercore ISI lifted their price target on Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. lifted their price target on Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.22.

Terex Price Performance

Shares of NYSE:TEX opened at $51.51 on Friday. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 4.87 and a beta of 1.62. Terex has a 1 year low of $31.53 and a 1 year high of $58.66. The business has a fifty day simple moving average of $49.36 and a 200 day simple moving average of $44.01. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.05. Terex had a return on equity of 15.95% and a net margin of 3.46%.The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company earned $2.16 earnings per share. The business's revenue was up 7.6% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, sell-side analysts predict that Terex will post 4.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Scott Posner sold 5,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total value of $252,500.00. Following the transaction, the vice president owned 70,308 shares of the company's stock, valued at approximately $3,550,554. This trade represents a 6.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Institutional Trading of Terex

Several hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its position in shares of Terex by 22.0% in the second quarter. Fifth Third Bancorp now owns 1,104 shares of the industrial products company's stock valued at $52,000 after acquiring an additional 199 shares during the period. M&T Bank Corp lifted its position in Terex by 3.1% during the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company's stock valued at $350,000 after purchasing an additional 225 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Terex by 0.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock valued at $1,695,000 after purchasing an additional 237 shares during the last quarter. Rise Advisors LLC grew its position in Terex by 65.3% during the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 241 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Terex by 56.4% during the second quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 259 shares during the last quarter. Institutional investors own 92.88% of the company's stock.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.

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