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NYSE:TEX

Terex - TEX Stock Forecast, Price & News

$36.91
+0.34 (+0.93%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$36.26
$37.00
50-Day Range
$27.37
$38.06
52-Week Range
$26.64
$52.50
Volume
458,453 shs
Average Volume
729,965 shs
Market Capitalization
$2.50 billion
P/E Ratio
11.15
Dividend Yield
1.42%
Price Target
$45.75

Terex MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
24.0% Upside
$45.75 Price Target
Short Interest
Healthy
5.34% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.40
Upright™ Environmental Score
News Sentiment
0.26mentions of Terex in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$67,920 Sold Last Quarter
Proj. Earnings Growth
16.46%
From $4.01 to $4.67 Per Share

Overall MarketRank

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

2.93 out of 5 stars

Industrial Products Sector

15th out of 186 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 include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, utility equipment, and telehandlers, 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, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands 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 was incorporated in 1986 and is based in Norwalk, Connecticut.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TEX shares. KeyCorp reduced their target price on Terex from $54.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 12th. TheStreet lowered Terex from a "b-" rating to a "c+" rating in a research report on Thursday, July 7th. The Goldman Sachs Group upped their target price on shares of Terex from $33.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. lowered their price objective on Terex from $57.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, July 12th. Finally, Morgan Stanley increased their price target on shares of Terex from $30.00 to $33.00 and gave the company an "equal weight" rating in a report on Monday, August 8th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $45.75.

Terex Trading Up 1.1 %

TEX traded up $0.39 during trading hours on Thursday, reaching $36.96. 21,328 shares of the company's stock traded hands, compared to its average volume of 722,484. The company has a quick ratio of 0.99, a current ratio of 2.00 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $31.28 and a 200 day moving average price of $35.09. The firm has a market capitalization of $2.51 billion, a PE ratio of 11.17, a PEG ratio of 0.55 and a beta of 1.62. Terex has a 52-week low of $26.64 and a 52-week high of $52.50.

Terex (NYSE:TEX - Get Rating) last announced its earnings results on Tuesday, August 2nd. The industrial products company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.20. Terex had a net margin of 5.73% and a return on equity of 21.46%. During the same period in the prior year, the firm earned $1.02 earnings per share. As a group, sell-side analysts predict that Terex will post 4.01 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, August 12th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, August 11th. Terex's dividend payout ratio is presently 15.71%.

Insider Buying and Selling at Terex

In other news, VP Scott Posner sold 2,000 shares of the business's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $33.96, for a total transaction of $67,920.00. Following the sale, the vice president now directly owns 64,621 shares of the company's stock, valued at $2,194,529.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by company insiders.

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TEX Stock News Headlines

Citigroup Boosts Terex (NYSE:TEX) Price Target to $40.00
Form 8-K TEREX CORP For: Aug 03 - StreetInsider.com
What 5 Analyst Ratings Have To Say About Terex
Terex Reports Second Quarter 2022 Results
Terex (TEX) Scheduled to Post Quarterly Earnings on Tuesday
See More Headlines
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TEX Company Calendar

Ex-Dividend for 6/21 Dividend
6/03/2022
Dividend Payable
6/21/2022
Last Earnings
8/02/2022
Ex-Dividend for 9/19 Dividend
8/11/2022
Today
8/18/2022
Dividend Payable
9/19/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Industrial trucks & tractors
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
88077910
Employees
8,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$45.75
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+24.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$220.90 million
Pretax Margin
6.97%

Debt

Sales & Book Value

Annual Sales
$3.89 billion
Cash Flow
$3.72 per share
Book Value
$15.47 per share

Miscellaneous

Free Float
65,834,000
Market Cap
$2.50 billion
Optionable
Optionable
Beta
1.62

Key Executives

  • Mr. John L. Garrison Jr.Mr. John L. Garrison Jr. (Age 61)
    Chairman, Pres & CEO
    Comp: $3.53M
  • Mr. Scott J. PosnerMr. Scott J. Posner (Age 47)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $1.08M
  • Ms. Amy J. GeorgeMs. Amy J. George (Age 60)
    Sr. VP of HR & Chief HR Officer
    Comp: $1.06M
  • Mr. Kieran Hegarty (Age 55)
    Pres of Terex Materials Processing
    Comp: $1.28M
  • Ms. Julie A. Beck CPA (Age 60)
    CPA, Sr. VP of Fin. & CFO
  • Mr. Stephen JohnstonMr. Stephen Johnston (Age 43)
    Chief Accounting Officer
  • Mr. Andrew Campbell
    Chief Information Officer & VP
  • Mr. Randy Wilson
    Director of Investor Relations
  • Ms. Stacey Babson Kaplan
    Chief Ethics & Compliance Officer and VP
  • Randy S. Williamson
    VP of Corp. Devel. & Chief Strategy 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 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TEX shares.
View TEX analyst ratings
or view top-rated stocks.

What is Terex's stock price forecast for 2022?

12 Wall Street analysts have issued 1-year price targets for Terex's shares. Their TEX share price forecasts range from $33.00 to $67.00. On average, they anticipate the company's stock price to reach $45.75 in the next twelve months. This suggests a possible upside of 25.1% 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 2022?

Terex's stock was trading at $43.95 at the beginning of the year. Since then, TEX stock has decreased by 16.8% and is now trading at $36.57.
View the best growth stocks for 2022 here
.

When is Terex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our TEX earnings forecast
.

How were Terex's earnings last quarter?

Terex Co. (NYSE:TEX) posted its earnings results on Tuesday, August, 2nd. The industrial products company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.87 by $0.20. Terex had a net margin of 5.73% and a trailing twelve-month return on equity of 21.46%. During the same period in the prior year, the business earned $1.02 EPS.

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

Terex declared a quarterly dividend on Wednesday, July 13th. Investors of record on Friday, August 12th will be paid a dividend of $0.13 per share on Monday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, August 11th.
Read our dividend analysis for TEX
.

Is Terex a good dividend stock?

Terex (NYSE:TEX) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.37%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEX will have a dividend payout ratio of 11.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TEX.

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

Terex updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $3.80-$4.20 for the period, compared to the consensus earnings per share estimate of $3.73. The company issued revenue guidance of $4.10 billion-$4.30 billion, compared to the consensus revenue estimate of $4.23 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."

Who are Terex's major shareholders?

Terex's stock is owned by a number of institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (6.42%), State Street Corp (3.22%), JPMorgan Chase & Co. (1.79%), William Blair Investment Management LLC (1.60%), Northern Trust Corp (1.56%) and AQR Capital Management LLC (1.52%). Insiders that own company stock include Amy George, Andra Rush, Brian J Henry, David A Sachs, John D Sheehan, John D Sheehan, John L Garrison Jr, John L Garrison, Jr, Kevin A Barr, Kieran Hegarty, Matthew Fearon, Paula H Cholmondeley, Scott Posner, Simon Meester and Stephen Johnston.
View institutional ownership trends
.

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 $36.57.

How much money does Terex make?

Terex (NYSE:TEX) has a market capitalization of $2.48 billion and generates $3.89 billion in revenue each year. The industrial products company earns $220.90 million in net income (profit) each year or $3.31 on an earnings per share basis.

How many employees does Terex have?

The company employs 8,600 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 8/18/2022 by MarketBeat.com Staff

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