Fintel reports that on June 26, 2024, Citigroup initiated coverage of Terex (NYSE:TEX) with a Neutral recommendation.
Analyst Price Forecast Suggests 21.86% Upside
As of June 12, 2024, the average one-year price target for Terex is 65.47. The forecasts range from a low of 48.48 to a high of $78.75. The average price target represents an increase of 21.86% from its latest reported closing price of 53.72.
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The projected annual revenue for Terex is 4,601MM, a decrease of 11.66%. The projected annual non-GAAP EPS is 4.99.
What is the Fund Sentiment?
There are 861 funds or institutions reporting positions in Terex. This is an decrease of 18 owner(s) or 2.05% in the last quarter. Average portfolio weight of all funds dedicated to TEX is 0.20%, an increase of 0.67%. Total shares owned by institutions decreased in the last three months by 0.75% to 70,627K shares. 
The put/call ratio of TEX is 1.65, indicating a bearish outlook.
What are Other Shareholders Doing?
Invesco holds 2,268K shares representing 3.37% ownership of the company. In its prior filing, the firm reported owning 1,561K shares , representing an increase of 31.19%. The firm increased its portfolio allocation in TEX by 47.02% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,086K shares representing 3.10% ownership of the company. In its prior filing, the firm reported owning 2,043K shares , representing an increase of 2.06%. The firm increased its portfolio allocation in TEX by 3.00% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,020K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 2,015K shares , representing an increase of 0.28%. The firm increased its portfolio allocation in TEX by 2.47% over the last quarter.
Fisher Asset Management holds 1,819K shares representing 2.70% ownership of the company. In its prior filing, the firm reported owning 1,765K shares , representing an increase of 2.99%. The firm increased its portfolio allocation in TEX by 2.06% over the last quarter.
IWM - iShares Russell 2000 ETF holds 1,625K shares representing 2.42% ownership of the company. In its prior filing, the firm reported owning 1,765K shares , representing a decrease of 8.61%. The firm increased its portfolio allocation in TEX by 6.27% over the last quarter.
Terex Background Information
(This description is provided by the company.)
Terex is a global manufacturer of aerial work platforms and materials processing machinery. The Company designs, builds, and supports products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. Terex's products are manufactured in North and South America, Europe, Australia, and Asia and sold worldwide. The Company engages with customers through all stages of the product life cycle, from initial specification and financing to parts and service support.
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