Terex (NYSE:TEX) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Terex has been upgraded from a "hold" rating to a "buy" rating by analysts at Wall Street Zen, reflecting increased confidence in the company's stock performance.
• Citigroup has raised its price objective for Terex from $55.00 to $58.00, while the consensus price target currently sits at $54.67.
• Terex reported a quarterly earnings per share of $1.49, exceeding expectations, and anticipates 4.700-5.100 EPS for FY 2025.

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

A number of other equities analysts have also recently issued reports on the stock. Citigroup increased their price objective on shares of Terex from $55.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a research report on Wednesday, October 8th. UBS Group increased their target price on shares of Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Finally, Truist Financial set a $62.00 target price on shares of Terex in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Terex has a consensus rating of "Moderate Buy" and a consensus price target of $54.67.

Terex Trading Down 2.5%

Shares of TEX stock opened at $53.05 on Friday. Terex has a 52-week low of $31.53 and a 52-week high of $58.66. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 5.34 and a beta of 1.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The firm has a fifty day moving average of $51.88 and a 200-day moving average of $46.93.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.05. Terex had a net margin of 3.46% and a return on equity of 15.95%. The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the prior year, the company posted $2.16 EPS. The business's revenue was up 7.6% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, equities research analysts forecast that Terex will post 4.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Terex 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 completion of the sale, the vice president owned 70,308 shares in the company, valued at approximately $3,550,554. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Terex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its position in Terex by 22.0% in the 2nd 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 in the last quarter. M&T Bank Corp increased its position in Terex by 3.1% in the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company's stock valued at $350,000 after acquiring an additional 225 shares in the last quarter. Rise Advisors LLC grew its position in shares of Terex by 65.3% during the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company's stock worth $28,000 after buying an additional 241 shares during the period. Bessemer Group Inc. grew its position in shares of Terex by 56.4% during the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company's stock worth $34,000 after buying an additional 259 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Terex by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company's stock worth $2,882,000 after buying an additional 287 shares during the period. Institutional investors and hedge funds own 92.88% of the company's stock.

About Terex

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.