Terex Corporation with ticker code (TEX) have now 14 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 72 and 51 calculating the mean target price we have $60.93. Given that the stocks previous close was at $51.12 this now indicates there is a potential upside of 19.2%. The 50 day moving average now sits at $51.92 and the 200 moving average now moves to $39.79. The company has a market capitalization of $3,567m. You can visit the company’s website by visiting: https://www.terex.com
The potential market cap would be $4,251m based on the market consensus.
Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands. Its products comprise portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, and scissor lifts, as well as related components and replacement parts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, utility and telecommunication lines, construction and foundation drilling applications, and other commercial operations, as well as in tree trimming and various infrastructure projects. The MP segment’s materials processing and specialty equipment includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brand names and business lines. Its products are used in construction, infrastructure, and recycling projects; quarrying and mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The company offers financing solutions to assist customers in the rental, leasing, and acquisition of its products.Terex Corporation was founded in 1933 and is based in Norwalk, Connecticut.
The company has a dividend yield of 1.17% with the ex dividend date set at 8-3-2023 (DMY).
Other points of data to note are a P/E ratio of 11.85, revenue per share of 64.49 and a 8.78% return on assets.
