TEX Terex Corporation

Terex Corporation (NYSE:TEX) shares have recently surged by 26%, contributing to a 21% rise over the last twelve months. Despite a high P/E ratio of 23x compared to the market average and a recent 66% decrease in earnings, analysts predict a strong future, with earnings expected to grow by 45% annually over the next three years. This anticipated growth, significantly higher than the market's 11% forecast, seems to be a key factor in investors' satisfaction and the elevated P/E ratio.

Terex Corporation's shares have gained 26% in the last month, contributing to a 21% rise over the past year. Despite a high P/E ratio of 23x compared to the market average, analysts predict a strong future, with estimated earnings growth of 45% per year over the next three years. This optimistic outlook for future earnings growth explains why investors are content with the current elevated P/E ratio.

Terex Corporation's shares have risen 26% recently, contributing to a 21% gain over the last year. Despite a high P/E ratio of 23x and a decline in past earnings, analysts anticipate 45% annual earnings growth for the next three years, significantly outpacing the market's 11% projection. This strong forecast growth is seen as the primary reason for investor satisfaction and the elevated P/E ratio.

Profit Investment Management LLC decreased its stake in Terex Corporation (NYSE:TEX) by 36.2% in Q3, selling 18,680 shares. Despite this, Terex saw an insider purchase by Director Andra Rush and reported strong Q3 earnings, beating estimates. Analysts have a "Moderate Buy" rating with a consensus price target of $57.73, following recent upgrades from Morgan Stanley and Raymond James.

Terex Corporation (NYSE:TEX) currently has a high P/E ratio of 22.7x, which is above the market average for US companies. This elevated P/E is sustained despite recent earnings decline due to analyst forecasts predicting substantial EPS growth of 45% annually over the next three years, significantly outperforming the broader market. Investors appear willing to pay a premium for TEX stock based on these strong future growth expectations.

Wall Street Zen downgraded Terex (NYSE:TEX) from a "strong-buy" to a "buy" rating on Sunday. This follows a mixed analyst landscape with some firms raising targets and others trimming them, while Terex recently exceeded quarterly EPS estimates and provided positive FY 2025 guidance. The stock is currently trading near $54 with a market capitalization of $3.54 billion.