Terex (NYSE:TEX) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Terex (NYSE:TEX) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

A number of other analysts have also recently weighed in on TEX. Barclays boosted their price objective on shares of Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Morgan Stanley reiterated an “overweight” rating and issued a $86.00 target price on shares of Terex in a research note on Monday, August 3rd. Citigroup raised their target price on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. dropped their target price on shares of Terex from $68.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Two equities research 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 stock. According to MarketBeat, Terex has a consensus rating of “Moderate Buy” and an average price target of $75.64.

Terex Stock Up 1.1%

Shares of TEX stock opened at $51.24 on Friday. The stock’s 50 day simple moving average is $61.02 and its 200 day simple moving average is $62.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82. Terex has a twelve month low of $41.70 and a twelve month high of $74.69. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 0.77 and a beta of 1.47.

Terex (NYSE:TEX) last posted 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. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%. The company’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, research analysts predict that Terex will post 4.97 EPS for the current year.

Institutional Investors Weigh In On Terex

A number of institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new stake in Terex during the second quarter worth about $29,000. Essential Partners LLC increased its holdings in shares of Terex by 171.2% during the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after buying an additional 356 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Terex during the second quarter worth approximately $35,000. Optiver Holding B.V. raised its stake in shares of Terex by 67.5% in the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 315 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Terex in the first quarter valued at approximately $47,000. 92.88% of the stock is owned by institutional investors and hedge funds.

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.