Terex (NYSE:TEX) Stock Price Target Cut by Citigroup

Terex (NYSE:TEX) had its price target dropped by stock analysts at Citigroup from $80.00 to $65.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Citigroup’s target price would indicate a potential upside of 26.85% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Barclays upped their price target on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. DA Davidson started coverage on Terex in a research note on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price objective on the stock. Truist Financial reduced their price objective on Terex from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. decreased their target price on Terex from $68.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.64.

Terex Trading Up 1.1%

Shares of TEX stock traded up $0.57 on Monday, reaching $51.24. 2,352,956 shares of the stock were exchanged, compared to its average volume of 1,491,919. The stock has a market cap of $5.85 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 0.77 and a beta of 1.47. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $61.29 and a two-hundred day moving average of $62.54. Terex has a 1-year low of $41.70 and a 1-year high of $74.69.

Terex (NYSE:TEX) last issued its earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.14. Terex had a return on equity of 12.24% and a net margin of 2.23%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the company posted $1.49 EPS. The business’s quarterly revenue was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, research analysts anticipate that Terex will post 4.97 EPS for the current year.

Institutional Trading of Terex

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Terex by 7.6% during the second quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 161 shares during the last quarter. QRG Capital Management Inc. raised its stake in Terex by 2.7% during the second quarter. QRG Capital Management Inc. now owns 7,847 shares of the industrial products company’s stock valued at $568,000 after buying an additional 208 shares in the last quarter. Arizona State Retirement System lifted its stake in Terex by 0.7% during the second quarter. Arizona State Retirement System now owns 31,373 shares of the industrial products company’s stock worth $2,271,000 after purchasing an additional 210 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in Terex by 4.0% in the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 286 shares during the period. Finally, Optiver Holding B.V. boosted its holdings in shares of Terex by 67.5% in the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock valued at $46,000 after buying an additional 315 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Company Profile

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.