Terex - TEX Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Terex in the last year. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.

11 equities research analysts have issued twelve-month price objectives for Terex's shares. Their TEX share price forecasts range from $43.00 to $72.00. On average, they anticipate the company's stock price to reach $55.45 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price.
View analysts price targets for TEX or view top-rated stocks among Wall Street analysts.

Terex's stock was trading at $42.72 at the beginning of the year. Since then, TEX stock has increased by 13.2% and is now trading at $48.38.
View the best growth stocks for 2023 here.

Terex saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,820,000 shares, an increase of 25.9% from the February 28th total of 2,240,000 shares. Based on an average trading volume of 866,900 shares, the days-to-cover ratio is presently 3.3 days. Currently, 4.3% of the company's stock are sold short.
View Terex's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our TEX earnings forecast.

Terex Co. (NYSE:TEX) announced its earnings results on Friday, February, 10th. The industrial products company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.21. The industrial products company earned $1.22 billion during the quarter, compared to analysts' expectations of $1.10 billion. Terex had a net margin of 6.79% and a trailing twelve-month return on equity of 27.44%. The firm's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share.

Terex declared a quarterly dividend on Thursday, February 9th. Investors of record on Thursday, March 9th will be paid a dividend of $0.15 per share on Monday, March 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, March 8th. This is an increase from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for TEX.

ETFs with the largest weight of Terex (NYSE:TEX) stock in their portfolio include Invesco Dynamic Building & Construction ETF (PKB), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), iShares U.S. Infrastructure ETF (IFRA), iShares US Small Cap Value Factor ETF (SVAL), Invesco S&P MidCap Quality ETF (XMHQ), Invesco DWA SmallCap Momentum ETF (DWAS), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Convergence Long/Short Equity ETF (CLSE).

Terex (NYSE:TEX) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.28%. 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 13.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEX will have a dividend payout ratio of 11.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TEX.

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

Terex issued an update on its FY 2023 earnings guidance on Thursday, February, 9th. The company provided earnings per share (EPS) guidance of $4.60-$5.00 for the period, compared to the consensus estimate of $4.78. The company issued revenue guidance of $4.60 billion-$4.80 billion, compared to the consensus revenue estimate of $4.52 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), 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."

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.

One share of TEX stock can currently be purchased for approximately $48.38.

Terex (NYSE:TEX) has a market capitalization of $3.27 billion and generates $4.42 billion in revenue each year. The industrial products company earns $300 million in net income (profit) each year or $4.34 on an earnings per share basis.

The company employs 9,300 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.