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NYSE:TEX

Terex (TEX) Stock Forecast, Price & News

$56.84
-0.78 (-1.35%)
(As of 10:38 AM ET)
Compare
Today's Range
$56.64
$57.71
50-Day Range
$55.18
$63.74
52-Week Range
$30.04
$65.64
Volume
71,923 shs
Average Volume
869,954 shs
Market Capitalization
$3.83 billion
P/E Ratio
8.72
Dividend Yield
1.20%
Price Target
$61.42

Terex MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
6.6% Upside
$61.42 Price Target
Short Interest
Bearish
4.88% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.32
Upright™ Environmental Score
News Sentiment
1.04mentions of Terex in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.82%
From $7.09 to $7.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Industrial Products Sector

84th out of 181 stocks

Industrial Trucks & Tractors Industry

1st out of 2 stocks


TEX stock logo

About Terex (NYSE:TEX) Stock

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands. Its products comprise portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, and scissor lifts, as well as related components and replacement parts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, utility and telecommunication lines, construction and foundation drilling applications, and other commercial operations, as well as in tree trimming and various infrastructure projects. The MP segment's 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 brand names and business lines. Its products are used in construction, infrastructure, and recycling projects; quarrying and mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The company offers financing solutions to assist customers in the rental, leasing, and acquisition of its products.Terex Corporation is based in Norwalk, Connecticut.

TEX Price History

TEX Stock News Headlines

KeyCorp Comments on Terex Co.'s Q2 2024 Earnings (NYSE:TEX)
Q1 2024 EPS Estimates for Terex Co. (NYSE:TEX) Boosted by KeyCorp
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Citigroup Lowers Terex (NYSE:TEX) Price Target to $63.00
Terex (TEX) Gains As Market Dips: What You Should Know
Where Terex Stands With Analysts
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Terex (TEX) Stock Moves -1.22%: What You Should Know
Returns On Capital Are A Standout For Terex (NYSE:TEX)
Terex Stock Gaps Up On Today's Open (TEX)
Seun Salami Joins Terex Corporation Board of Directors
See More Headlines
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TEX Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 9/19 Dividend
8/11/2023
Dividend Payable
9/19/2023
Today
10/02/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Industrial trucks & tractors
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
88077910
Employees
9,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$61.42
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+6.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$300 million
Pretax Margin
10.81%

Debt

Sales & Book Value

Annual Sales
$4.42 billion
Cash Flow
$5.14 per share
Book Value
$17.50 per share

Miscellaneous

Free Float
65,782,000
Market Cap
$3.88 billion
Optionable
Optionable
Beta
1.68
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Get This Free Report

Key Executives

  • Mr. John L. Garrison Jr.Mr. John L. Garrison Jr. (Age 62)
    Chairman, Pres & CEO
    Comp: $3.82M
  • Ms. Julie A. Beck CPA (Age 61)
    CPA, Sr. VP & CFO
    Comp: $1.3M
  • Mr. Scott J. PosnerMr. Scott J. Posner (Age 48)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $1.06M
  • Mr. Kieran Hegarty (Age 56)
    Pres of Terex Materials Processing
    Comp: $1.12M
  • Mr. Simon A. MeesterMr. Simon A. Meester (Age 53)
    Pres of Genie
    Comp: $1.05M
  • Mr. Stephen A. JohnstonMr. Stephen A. Johnston (Age 43)
    Chief Accounting Officer, VP & Controller
  • Dr. Paretosh Misra C.F.A.
    Ph.D., Head of Investor Relations
  • Ms. Stacey Babson Kaplan
    Sr. VP, Chief Sustainability, Ethics & Compliance Officer
  • Randy S. Williamson
    Sr. VP of Corp. Devel. & Chief Strategy Officer
  • Ms. Amy J. GeorgeMs. Amy J. George (Age 61)
    Sr. VP of HR & Chief HR Officer













TEX Stock - Frequently Asked Questions

Should I buy or sell Terex stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Terex in the last twelve months. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TEX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TEX, but not buy additional shares or sell existing shares.
View TEX analyst ratings
or view top-rated stocks.

What is Terex's stock price forecast for 2023?

12 equities research analysts have issued 12-month target prices for Terex's stock. Their TEX share price forecasts range from $53.00 to $80.00. On average, they expect the company's share price to reach $61.42 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price.
View analysts price targets for TEX
or view top-rated stocks among Wall Street analysts.

How have TEX shares performed in 2023?

Terex's stock was trading at $42.72 at the beginning of the year. Since then, TEX shares have increased by 34.9% and is now trading at $57.62.
View the best growth stocks for 2023 here
.

Are investors shorting Terex?

Terex saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,700,000 shares, a decline of 26.8% from the August 15th total of 3,690,000 shares. Based on an average trading volume of 789,300 shares, the days-to-cover ratio is presently 3.4 days. Currently, 4.1% of the company's stock are sold short.
View Terex's Short Interest
.

When is Terex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TEX earnings forecast
.

How were Terex's earnings last quarter?

Terex Co. (NYSE:TEX) issued its quarterly earnings data on Tuesday, August, 1st. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.69. The industrial products company earned $1.40 billion during the quarter, compared to analysts' expectations of $1.27 billion. Terex had a trailing twelve-month return on equity of 35.91% and a net margin of 8.96%. The business's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the business earned $1.07 earnings per share.

How often does Terex pay dividends? What is the dividend yield for Terex?

Terex declared a quarterly dividend on Tuesday, July 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.17 per share on Tuesday, September 19th. This represents a $0.68 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, August 11th. This is a boost from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for TEX
.

Is Terex a good dividend stock?

Terex (NYSE:TEX) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.18%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEX will have a dividend payout ratio of 9.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TEX.

How will Terex's stock buyback program work?

Terex declared that its Board of Directors has approved a share repurchase program on Monday, December 19th 2022, which allows the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

What guidance has Terex issued on next quarter's earnings?

Terex issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $7.00-$7.00 for the period, compared to the consensus earnings per share estimate of $6.02. The company issued revenue guidance of $5.10 billion-$5.10 billion, compared to the consensus revenue estimate of $4.94 billion.

What is John L. Garrison, Jr's approval rating as Terex's CEO?

99 employees have rated Terex Chief Executive Officer John L. Garrison, Jr on Glassdoor.com. John L. Garrison, Jr has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Terex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Terex investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Charles Schwab (SCHW), Micron Technology (MU), Accenture (ACN), Zoetis (ZTS) and AutoZone (AZO).

What is Terex's stock symbol?

Terex trades on the New York Stock Exchange (NYSE) under the ticker symbol "TEX."

How do I buy shares of Terex?

Shares of TEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Terex's stock price today?

One share of TEX stock can currently be purchased for approximately $57.62.

How much money does Terex make?

Terex (NYSE:TEX) has a market capitalization of $3.88 billion and generates $4.42 billion in revenue each year. The industrial products company earns $300 million in net income (profit) each year or $6.52 on an earnings per share basis.

How many employees does Terex have?

The company employs 9,300 workers across the globe.

How can I contact Terex?

Terex's mailing address is 200 NYALA FARM ROAD, WESTPORT CT, 06880. The official website for the company is www.terex.com. The industrial products company can be reached via phone at (203) 222-7170, via email at randy.wilson@terex.com, or via fax at 203-222-7976.

This page (NYSE:TEX) was last updated on 10/2/2023 by MarketBeat.com Staff

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