Downgraded A+ → B+ (20 Jun 2026): At $66.82 spot, the stock is extended well above EMA20 and the risk/reward at current price is unfavorable. Trade levels recalibrated to a pullback entry near EMA20 ($61-$62) with stop below EMA200 at $56.80, yielding R/R ~2.1:1 to TP1 $71.50. Do not chase at current levels.
Terex is a post-merger industrial at 14.7x forward PE with a Q1 earnings beat and a fresh MACD bullish crossover. Following the REV Group merger (closed Feb 2026), the company's share count rose ~70% (66.9M to 113.7M) — integration execution is the key swing factor. Aerial work platforms and materials processing equipment benefit from infrastructure spending. At current spot, the stock is extended above EMA20 — a pullback toward $61-$62 would offer an attractive entry with R/R ~2.1:1 to 52-week highs.
Terex Corporation is a global manufacturer of aerial work platforms (Genie brand — cherry pickers, boom lifts, scissor lifts), materials processing equipment (crushers, screens, conveyors), and mobile cranes. The company serves construction, infrastructure, utility, and mining end markets. Yahoo Finance· profile
In February 2026, Terex completed its merger with REV Group (specialty vehicles — ambulances, fire trucks, transit buses), creating a combined ~$8B revenue specialty equipment platform. The all-stock-and-cash deal increased Terex's share count by ~70% to 113.7M shares. Integration is in its early stages with $75M of run-rate synergies targeted by 2028. SEC EDGAR· 8-K Feb 2026
Terex benefits directly from the global infrastructure spending cycle, with its Genie aerial platform segment being a market leader in both rental fleet and direct sales channels. The company's materials processing division captures demand from aggregates production and recycling — both growth markets driven by urbanization and sustainability mandates.
Share count increased ~70% (66.9M to 113.7M) following the Feb 2026 REV Group acquisition. This all-stock-and-cash deal significantly expanded the share base, which dilutes per-share metrics (EPS, book value) even as aggregate revenue and EBITDA grew. Investors should evaluate fundamentals on a per-share basis and monitor integration progress toward the $75M synergy target by 2028. SEC EDGAR· 8-K Feb 2026
| Metric | Value | Signal |
|---|---|---|
| Revenue (TTM) | $5.93B | +41.1% YoY (incl. REV merger) |
| EBITDA | $516M | Positive |
| Gross Margin | 17.0% | Weak |
| Operating Margin | -3.9% | Negative |
| Net Margin | 1.9% | Thin |
| ROE | 3.2% | Low |
| Cash | $392M | |
| Debt | $2.75B | Debt/MCap 36.0% |
| Fwd P/E | 14.66x | Fair |
| Analyst Target | $76.05 | +13.8% upside |
| RSI (14) | 56.2 |
| EMA 20 | $62.12 |
| EMA 50 | $61.42 |
| EMA 200 | $57.06 |
| MACD | 0.984 |
| Signal | 0.479 |
| ATR (14) | $2.87 |
Constructive setup with EMA20 ($62.12) > EMA50 ($61.42) > EMA200 ($57.06) — bullish alignment. RSI 56.2 in neutral zone with room to run. MACD bullish (0.984 above 0.479 signal) — sustained momentum. ATR $2.87 (4.3%) provides active trading range. Price 6.5% below 52-week high ($71.50).
Post-merger industrial with integration execution risk, negative operating margin (-3.9%), and $2.75B debt. Cyclical exposure and elevated beta (1.54) add volatility. Partially offset by Q1 earnings beat and infrastructure tailwinds.
Terex delivered a Q1 EPS beat of 26% ($0.98 vs $0.78 est, though $0.10 from one-time tax benefits) at a forward PE of 14.7x. MACD is bullish (0.984 vs 0.479 signal), confirming momentum. The REV merger (Feb 2026) transforms Terex into a ~$8B revenue specialty equipment platform with $75M synergy potential by 2028. Infrastructure spending provides multi-year demand tailwinds, but integration execution and margin recovery remain the key risks to monitor.
This analysis is provided for informational and educational purposes only. It does not constitute financial advice, investment recommendation, or solicitation to buy or sell any security.
Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Always conduct your own research and consult a licensed financial advisor before making investment decisions.
Data sourced from DailyTickers Gateway, Yahoo Finance, SEC EDGAR, and public market data. Accuracy is not guaranteed.