
Terex (TEX) Stock Forecast & Price Target
Terex (TEX) Analyst Ratings
Bulls say
Terex Corp is positioned to improve its financial health, aiming for a net leverage of approximately 2.5x by the end of 2024, a target aligned with its through-cycle objectives following the completion of the ESG acquisition. The company's growth prospects are bolstered by increasing product adoption in emerging markets such as India, Southeast Asia, the Middle East, and Latin America, coupled with the resilience of the waste and recycling sector, projected to reach $220 billion annually by 2027. Additionally, with a strong balance sheet and a focus on strategic acquisitions, Terex is well-equipped to diversify its earnings and enhance shareholder returns through dividends and stock repurchases.
Bears say
Terex Corp has reported a significant decline in adjusted operating margins, with an overall decrease of 210 basis points year-over-year, attributed to an unfavorable product mix and lower sales volumes, despite implementing cost reduction actions. The company has lowered its fiscal year 2024 revenue guidance by 5% at the midpoint, reflecting weaker demand and an expected total revenue range of $4.85B to $5.05B, compared to previous projections. Furthermore, the adjusted earnings per share (EPS) forecast has been cut by 18% from earlier estimates, with an anticipated range of $5.80 to $6.20, indicating continued financial challenges and pressures on profitability.
This aggregate rating is based on analysts' research of Terex and is not a guaranteed prediction by Public.com or investment advice.
Terex (TEX) Analyst Forecast & Price Prediction
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