Zacks Research Upgrades Terex (NYSE:TEX) to Hold

Terex (NYSE:TEX) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Terex’s Q1 2026 earnings at $0.80 EPS, Q1 2026 earnings at $0.81 EPS, Q2 2026 earnings at $1.34 EPS, Q2 2026 earnings at $1.33 EPS, Q3 2026 earnings at $1.41 EPS, Q4 2026 earnings at $1.22 EPS, Q4 2026 earnings at $1.21 EPS, FY2026 earnings at $4.76 EPS, Q1 2027 earnings at $0.98 EPS, Q1 2027 earnings at $0.96 EPS, Q2 2027 earnings at $1.46 EPS, Q2 2027 earnings at $1.47 EPS, Q3 2027 earnings at $1.52 EPS, Q4 2027 earnings at $1.48 EPS, FY2027 earnings at $5.42 EPS, Q1 2028 earnings at $1.26 EPS, Q1 2028 earnings at $1.22 EPS, FY2028 earnings at $6.39 EPS and FY2028 earnings at $6.33 EPS.

A number of other analysts have also commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price target on Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Barclays initiated coverage on Terex in a report on Tuesday, March 31st. They set an “overweight” rating and a $65.00 price target on the stock. Citigroup upgraded Terex from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $73.00 to $75.00 in a report on Monday, March 9th. Finally, Wall Street Zen lowered Terex from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Terex presently has an average rating of “Moderate Buy” and a consensus target price of $70.73.

Terex Stock Down 4.9%

Shares of TEX stock traded down $3.14 during trading hours on Monday, reaching $60.59. The company had a trading volume of 282,630 shares, compared to its average volume of 1,818,410. The business has a fifty day simple moving average of $63.13 and a 200-day simple moving average of $56.42. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.27 and a beta of 1.64. Terex has a 12 month low of $33.13 and a 12 month high of $71.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.30 and a quick ratio of 1.36.

Terex (NYSE:TEX) last issued its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 EPS for the quarter, hitting analysts’ consensus estimates of $1.12. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Terex had a return on equity of 16.51% and a net margin of 4.08%.Terex’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, research analysts expect that Terex will post 4.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Terex

In other news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total value of $829,495.20. Following the completion of the transaction, the insider directly owned 173,495 shares in the company, valued at approximately $12,012,793.80. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

Several hedge funds have recently made changes to their positions in TEX. Wellington Management Group LLP purchased a new position in shares of Terex in the third quarter valued at $121,724,000. Invesco Ltd. grew its position in shares of Terex by 801.3% in the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock valued at $82,283,000 after purchasing an additional 1,425,996 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Terex in the fourth quarter valued at $69,802,000. Morgan Stanley grew its position in shares of Terex by 77.2% in the fourth quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after purchasing an additional 727,277 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Terex in the fourth quarter valued at $33,828,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Zacks upgraded Terex from “Strong Sell” to “Hold” and raised some near?term and longer?term EPS forecasts, signaling improving analyst sentiment and providing a likely near?term bid for the stock. Zacks Research
• Positive Sentiment: Zacks incrementally raised several quarter estimates (examples: Q1 2028 to $1.26 from $1.22; Q2 2027 to $1.47 from $1.46; Q1 2027 to $0.98 from $0.96; Q1/Q2 2026 modestly higher). It also lifted FY2028 to $6.39 from $6.33 — a sign analysts see stronger medium?term earnings potential, which supports valuation (TEX trades near a ~19x P/E).
• Neutral Sentiment: Terex’s board set the 2026 annual stockholder meeting for June 25, 2026 — administrative corporate event with limited direct impact on operations. Annual Meeting Notice
• Negative Sentiment: Offsetting the positives, Zacks trimmed Q4 2026 EPS slightly (to $1.21 from $1.22) and earlier lowered its FY2026 view (to $4.76 from $4.79). Those downgrades — plus the recent history of a “Strong Sell” stance until the April 15 change — leave some uncertainty about the sustainability of earnings upgrades.

Terex Company Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.