Jun. 12 at 8:34 PM
Our quick take on
$TEX after Q1 results and unusual call activity. Stock jumped 5.5% today on the scanners, yet trades at just 10.8x forward earnings.
Terex is a heavy equipment maker — Genie lifts, crushers, and now commercial vehicles like ambulances and fire trucks after the REV deal.
Q1 revenue +41% to
$1.73B. The
$93M net loss was purely one-time merger costs.
Core business strong:
$7.1B backlog, 109% book-to-bill.
• Raymond James upgraded to Strong Buy with
$85 target
• Consensus at
$76, implying ~21% upside from
$62.78
Infra spending and potential rate cuts provide tailwinds. New CEO is delivering on the integration so far.
The market treats it like a distressed cyclical. It's really a post-merger inflection with strong revenue visibility.
If margins normalize in the back half of 2026, it could reprice toward
$70–
$76. But debt and cyclical risks remain if integration drags.
—
Educational tool only. Not financial advice.
