Terex - TEX Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Terex in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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.

10 analysts have issued twelve-month price targets for Terex's stock. Their TEX share price forecasts range from $35.00 to $64.00. On average, they anticipate the company's share price to reach $44.27 in the next year. This suggests that the stock has a possible downside of 1.3%.
View analysts price targets for TEX or view top-rated stocks among Wall Street analysts.

Terex's stock was trading at $43.95 at the beginning of the year. Since then, TEX stock has increased by 2.1% and is now trading at $44.87.
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Terex saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 2,520,000 shares, a decrease of 25.2% from the October 31st total of 3,370,000 shares. Based on an average trading volume of 597,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 3.9% of the company's stock are short sold.
View Terex's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our TEX earnings forecast.

Terex Co. (NYSE:TEX) posted its earnings results on Thursday, October, 27th. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.15. The industrial products company earned $1.12 billion during the quarter, compared to analyst estimates of $1.07 billion. Terex had a trailing twelve-month return on equity of 24.72% and a net margin of 6.36%. The company's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share.

Terex declared a quarterly dividend on Thursday, October 13th. Stockholders of record on Thursday, November 10th will be given a dividend of $0.13 per share on Monday, December 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, November 9th.
Read our dividend analysis for TEX.

Terex (NYSE:TEX) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.13%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEX will have a dividend payout ratio of 10.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TEX.

Terex issued an update on its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $4.00-$4.20 for the period, compared to the consensus earnings per share estimate of $3.96. The company issued revenue guidance of $4.30 billion-$4.30 billion, compared to the consensus revenue estimate of $4.22 billion.

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.

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

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

Terex's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.95%), Vanguard Group Inc. (11.18%), Pzena Investment Management LLC (6.42%), Dimensional Fund Advisors LP (4.39%), Fisher Asset Management LLC (3.38%) and State Street Corp (3.28%). 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.
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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.
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One share of TEX stock can currently be purchased for approximately $44.87.

Terex (NYSE:TEX) has a market capitalization of $3.03 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 $3.83 on an earnings per share basis.

The company employs 8,600 workers across the globe.

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.