Terex (NYSE:TEX) Earns “Buy” Rating from Truist Financial

Terex (NYSE:TEX)‘s stock had its “buy” rating restated by investment analysts at Truist Financial in a research note issued on Thursday, Benzinga reports. They currently have a $87.00 price objective on the industrial products company’s stock, up from their previous price objective of $85.00. Truist Financial‘s target price indicates a potential upside of 52.03% from the company’s current price.

TEX has been the subject of a number of other research reports. Wells Fargo & Company dropped their price objective on Terex from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday. Citigroup cut their price objective on shares of Terex from $80.00 to $65.00 and set a “buy” rating for the company in a report on Monday, October 12th. Wall Street Zen cut shares of Terex from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Thursday, October 15th. Finally, Barclays boosted their target price on shares of Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $74.91.

Terex Stock Performance

NYSE TEX traded up $3.85 on Thursday, reaching $57.22. 1,111,397 shares of the stock were exchanged, compared to its average volume of 1,518,832. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. Terex has a one year low of $41.70 and a one year high of $74.69. The firm has a market capitalization of $6.54 billion, a PE ratio of 29.17, a PEG ratio of 0.94 and a beta of 1.47. The company’s 50-day simple moving average is $57.54 and its two-hundred day simple moving average is $61.92.

Terex (NYSE:TEX) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 earnings per share. Analysts expect that Terex will post 4.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Terex

Several institutional investors have recently added to or reduced their stakes in TEX. Van ECK Associates Corp bought a new stake in shares of Terex during the second quarter worth $2,588,000. Y Intercept Hong Kong Ltd bought a new position in Terex in the 1st quarter worth about $6,439,000. Principal Financial Group Inc. increased its position in shares of Terex by 183.0% during the first quarter. Principal Financial Group Inc. now owns 402,045 shares of the industrial products company’s stock worth $23,761,000 after acquiring an additional 259,993 shares during the period. Cooper Creek Partners Management LLC bought a new stake in shares of Terex during the first quarter valued at approximately $38,992,000. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Terex in the first quarter valued at approximately $1,080,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Key Stories Impacting Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Third-quarter results exceeded expectations. Terex reported sales of approximately $2.2 billion, up 58.4% year over year, while adjusted diluted EPS was $1.50 versus the $1.42 analyst consensus. Adjusted EBITDA reached $286 million, with a 13.0% margin. Terex Reports Third Quarter 2026 Results
• Positive Sentiment: Orders and backlog strengthened. Pro forma bookings rose 52.7% to $2.3 billion, supporting a backlog of roughly $7.0 billion and signaling solid future revenue visibility. Free cash flow increased to $209 million in the quarter. Terex Shares Surge as Earnings Beat Estimates and Orders Jump
• Positive Sentiment: Capital returns received a boost. Terex authorized an additional $500 million share-repurchase program and returned $91 million to shareholders through dividends and buybacks during the quarter. Terex Posts Strong Q3 Results, Boosts Outlook and Buybacks
• Positive Sentiment: Analyst support improved. Truist Securities raised its Terex price target to $87 from $85 while maintaining a Buy rating, reinforcing the bullish interpretation of the earnings report. Truist Raises Terex Price Target
• Neutral Sentiment: Terex refined its 2026 outlook to $8.0–$8.2 billion in sales, $930–$960 million in adjusted EBITDA, and $360–$400 million in free cash flow. The midpoint is broadly near analyst expectations, limiting the guidance-related upside. Terex 2026 Revenue Outlook
• Negative Sentiment: The adjusted 2026 EPS outlook of $4.80–$5.00 is slightly below the FactSet estimate of $4.99 at the midpoint, which could temper enthusiasm despite the quarterly beat. Terex 2026 EPS Outlook

About Terex

Terex Corporation (NYSE:TEX) is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling and material processing. The company designs and produces machinery intended to help customers build, maintain and improve transportation networks, commercial sites, utility systems and industrial facilities.

Terex operates primarily through its Aerial Work Platforms and Materials Processing businesses. Its products include aerial lifts, telehandlers and other access equipment, as well as crushing, screening, conveying, washing, recycling and environmental-processing machinery.