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NYSE:TEX

Terex - TEX Stock Forecast, Price & News

$37.59
+0.01 (+0.03%)
(As of 08/15/2022 05:19 PM ET)
Add
Compare
Today's Range
$36.82
$37.67
50-Day Range
$27.37
$37.59
52-Week Range
$26.64
$52.52
Volume
473,239 shs
Average Volume
735,458 shs
Market Capitalization
$2.55 billion
P/E Ratio
11.36
Dividend Yield
1.38%
Price Target
$45.75

Terex MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
22.3% 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
0.42mentions of Terex in the last 14 days
Based on 15 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.

3.05 out of 5 stars

Industrial Products Sector

10th out of 192 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.

Terex Price Performance

NYSE:TEX opened at $37.58 on Monday. Terex has a 52 week low of $26.64 and a 52 week high of $53.75. 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 company has a market capitalization of $2.55 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.54 and a beta of 1.62. The stock's fifty day moving average is $31.26 and its two-hundred day moving average is $35.08.

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

Terex Dividend Announcement

The firm 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 $0.13 dividend. The ex-dividend date is Thursday, August 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.38%. Terex's dividend payout ratio is currently 15.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Terex from $35.00 to $40.00 in a research note on Thursday, August 4th. TheStreet lowered Terex from a "b-" rating to a "c+" rating in a research note on Thursday, July 7th. KeyCorp lowered their price target on Terex from $54.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 12th. The Goldman Sachs Group lifted their price target on Terex from $33.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, August 4th. Finally, Bank of America raised Terex from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $41.00 to $38.00 in a research note on Friday, May 13th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.75.

Insider Buying and Selling at Terex

In other Terex news, VP Scott Posner sold 2,000 shares of Terex stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $33.96, for a total value of $67,920.00. Following the sale, the vice president now owns 64,621 shares in the company, valued at $2,194,529.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.90% of the company's stock.

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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
8/15/2022
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
+21.7%
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
$3.84 per share
Book Value
$15.90 per share

Miscellaneous

Free Float
66,105,000
Market Cap
$2.55 billion
Optionable
Optionable
Beta
1.62














TEX Stock - Frequently Asked Questions

Should I buy or sell Terex stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Terex in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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 analysts have issued 12 month price objectives for Terex's shares. Their TEX share price forecasts range from $33.00 to $67.00. On average, they expect the company's share price to reach $45.75 in the next year. This suggests a possible upside of 21.6% 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 2022?

Terex's stock was trading at $43.95 on January 1st, 2022. Since then, TEX shares have decreased by 14.4% and is now trading at $37.61.
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) released its quarterly earnings results on Tuesday, August, 2nd. The industrial products company reported $1.07 earnings per share 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 previous year, the company earned $1.02 earnings per share.

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

Terex declared a quarterly dividend on Wednesday, July 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date 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 1.38%. 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 earnings per share (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 many different institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (6.42%), JPMorgan Chase & Co. (1.79%), William Blair Investment Management LLC (1.60%), Northern Trust Corp (1.56%), Minneapolis Portfolio Management Group LLC (0.89%) and Principal Financial Group Inc. (0.48%). 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 $37.61.

How much money does Terex make?

Terex (NYSE:TEX) has a market capitalization of $2.55 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 8/15/2022 by MarketBeat.com Staff

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