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TEX / Terex: Upgraded To Buy Rating As Valuation Has Corrected

Terex: Upgraded To Buy Rating As Valuation Has Corrected
I have changed my recommendation from neutral to a buy for TEX given valuation has corrected and the outlook is still bright. Looking ahead, I have a positive outlook for Terex, anticipating improved supply chain conditions, backlog reduction, and strategic M&A to drive growth and margin management. The company is now trading at 6x forward EBITDA, which is 1 standard deviation lower than its 10-year average. Read More
Posted: May 29 2023, 03:31
Author Name: Seeking Alpha
Views: 092051

TEX News  

Terex (TEX) Q3 Earnings & Sales Top Estimates, Shares Rise

By Zacks Investment Research
November 3, 2023

Terex (TEX) Q3 Earnings & Sales Top Estimates, Shares Rise

Terex (TEX) reports a year-over-year improvement in third-quarter 2023 earnings, courtesy of strong demand. more_horizontal

Terex Corporation: Impressive Q3 2023 Performance And Positive Outlook Ahead (Ratings Upgrade)

By Seeking Alpha
November 1, 2023

Terex Corporation: Impressive Q3 2023 Performance And Positive Outlook Ahead (Ratings Upgrade)

Terex has strong sales growth in the double-digit range and increasing margins, positioning it for future growth. TEX market position is strong, and i more_horizontal

Terex (TEX) Reports Q3 Earnings: What Key Metrics Have to Say

By Zacks Investment Research
October 26, 2023

Terex (TEX) Reports Q3 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Terex (TEX) give a sense of how the business performed in the quarter ended September 2023, it could be wor more_horizontal

Terex (TEX) Tops Q3 Earnings and Revenue Estimates

By Zacks Investment Research
October 26, 2023

Terex (TEX) Tops Q3 Earnings and Revenue Estimates

Terex (TEX) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of more_horizontal

Terex (TEX) Advances While Market Declines: Some Information for Investors

By Zacks Investment Research
October 17, 2023

Terex (TEX) Advances While Market Declines: Some Information for Investors

In the latest trading session, Terex (TEX) closed at $54.23, marking a +0.43% move from the previous day. more_horizontal

Terex's stock slides as hiked outlook falls short of Street view

By Market Watch
October 17, 2023

Terex's stock slides as hiked outlook falls short of Street view

Shares of Terex Corp. TEX, +0.43% declined in the extended session Tuesday after the crane and construction equipment company's hiked outlook fell sho more_horizontal

Terex Announces Third Quarter 2023 Financial Results Conference Call

By PRNewsWire
October 16, 2023

Terex Announces Third Quarter 2023 Financial Results Conference Call

NORWALK, Conn. , Oct. 16, 2023 /PRNewswire/ -- Terex Corporation (NYSE: TEX) will host a conference call to review its third quarter 2023 financial re more_horizontal

Terex (TEX) Declines More Than Market: Some Information for Investors

By Zacks Investment Research
October 5, 2023

Terex (TEX) Declines More Than Market: Some Information for Investors

The latest trading day saw Terex (TEX) settling at $52.34, representing a -1.91% change from its previous close. more_horizontal


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