Terex Corporation (TEX)
NYSE: TEX · IEX Real-Time Price · USD
61.72
+0.56 (0.92%)
May 20, 2024, 1:12 PM EDT - Market open
Terex Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Terex stock have an average target of 62.82, with a low estimate of 57 and a high estimate of 73. The average target predicts an increase of 1.78% from the current stock price of 61.72.
Analyst Consensus: Hold
* Price targets were last updated on Mar 18, 2024.
Analyst Ratings
The average analyst rating for Terex stock from 13 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 1 | 2 | 2 | 1 |
| Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Hold | 11 | 10 | 11 | 11 | 11 | 9 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 16 | 16 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy → Hold Downgrades $63 | Buy → Hold | Downgrades | $63 | +2.07% | Mar 18, 2024 |
| Truist Securities | Truist Securities | Strong Buy Initiates $73 | Strong Buy | Initiates | $73 | +18.28% | Mar 14, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $65 → $63 | Buy | Maintains | $65 → $63 | +2.07% | Feb 20, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $52 → $59 | Hold | Maintains | $52 → $59 | -4.41% | Feb 13, 2024 |
| UBS | UBS | Strong Buy → Hold Downgrades $61 → $62 | Strong Buy → Hold | Downgrades | $61 → $62 | +0.45% | Feb 13, 2024 |
Financial Forecast
Revenue This Year
5.22B
from 5.15B
Increased by 1.23%
Revenue Next Year
5.18B
from 5.22B
Decreased by -0.59%
EPS This Year
7.05
from 7.58
Decreased by -6.93%
EPS Next Year
7.19
from 7.05
Increased by 1.85%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.6B | 5.8B | 6.0B | 6.2B | 6.4B |
| Avg | 5.2B | 5.2B | 5.3B | 6.0B | 6.2B |
| Low | 4.8B | 4.5B | 4.7B | 5.8B | 6.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.0% | 10.9% | 14.9% | 18.3% | 7.2% |
| Avg | 1.2% | -0.6% | 1.6% | 13.7% | 3.1% |
| Low | -7.4% | -14.0% | -10.1% | 10.4% | 0.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.63 | 8.43 | 8.93 | 7.25 | 6.98 |
| Avg | 7.05 | 7.19 | 7.60 | 6.97 | 6.72 |
| Low | 6.25 | 5.78 | 5.94 | 6.76 | 6.52 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.7% | 19.5% | 24.2% | -4.7% | 0.2% |
| Avg | -6.9% | 1.9% | 5.8% | -8.3% | -3.6% |
| Low | -17.5% | -18.0% | -17.3% | -11.1% | -6.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.