Validea Joel Greenblatt Strategy Daily Upgrade Report - 11/23/2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 23 2024
0mins
Should l Buy TEX?
Source: NASDAQ.COM
Stock Ratings Update: Validea's Earnings Yield Investor model, based on Joel Greenblatt's strategy, has upgraded ratings for Terex Corp and Molson Coors Beverage Co from 80% to 90%, indicating strong interest due to improved fundamentals and valuations. Rimini Street Inc saw a significant upgrade from 0% to 100%, while Reynolds Consumer Products Inc increased from 70% to 80%.
Company Descriptions: Terex Corporation manufactures industrial equipment; Molson Coors operates in the beverage industry with multiple breweries; Rimini Street provides enterprise software support; and Reynolds Consumer Products offers various consumer goods under well-known brands.
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Analyst Views on TEX
Wall Street analysts forecast TEX stock price to rise
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 60.820
Low
56.00
Averages
62.70
High
72.00
Current: 60.820
Low
56.00
Averages
62.70
High
72.00
About TEX
Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry. Its segments include Environmental Solutions (ES), Material Processing (MP) and Aerials. Its ES segment designs, manufactures, services and markets waste, recycling and utility equipment and solutions, including refuse collection bodies, hydraulic cart lifters, automated carry cans, compaction, balers, recycling equipment, digger derricks, insulated aerial devices, and cameras with integrated smart technology. Its MP segment designs, manufactures, services and markets materials processing and specialty equipment, including crushers, washing systems, screens, trommels, apron feeders, material handlers, and others. Its Aerials segment designs, manufactures, services and markets aerial work platform equipment and telehandlers and their related components and replacement parts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Terex Corporation to Host Q1 2026 Financial Results Conference Call
- Conference Call Announcement: Terex Corporation will host a conference call on May 1, 2026, at 8:30 a.m. Eastern Time to review its Q1 2026 financial results, providing investors with crucial financial data and future outlook.
- Leadership Participation: The call will be led by CEO Simon Meester and CFO Jennifer Kong-Picarello, ensuring that investors receive direct insights and analyses from the company's top executives regarding performance.
- Financial Results Release: The company's financial results will be issued prior to the call and available on its investor website, allowing participants to access relevant information ahead of time for a more informed discussion.
- Global Business Overview: Terex, as a global leader in specialized equipment solutions, serves essential sectors such as emergency services, waste recycling, utilities, and construction, showcasing strong market demand and long-term growth potential.
See More
Terex Corporation to Host Q1 2026 Financial Results Conference Call
- Conference Call Announcement: Terex Corporation will host a conference call on May 1, 2026, at 8:30 a.m. Eastern Time, led by CEO Simon Meester and CFO Jennifer Kong-Picarello, to review its Q1 financial results, aiming to provide detailed insights into the company's performance.
- Financial Results Release: The company's financial results will be issued prior to the call and made available on its investor website, ensuring that investors have access to the latest information before the meeting, thereby enhancing transparency and investor confidence.
- Global Market Positioning: As a global leader in specialized equipment solutions, Terex serves essential sectors such as emergency services, waste recycling, utilities, and construction, showcasing its strong growth potential in high-demand markets.
- Innovation and Investment Strategy: The company is committed to exceeding customer expectations, investing in innovation, and leveraging its diversified portfolio to ensure consistent, profitable growth for shareholders, reflecting its competitive advantage in the global market.
See More
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Terex Corp. Performance: Terex Corp. (TEX) saw an increase of 11.4% in pre-market trading.
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- Stock Performance: Vertiv (NYSE:VRT) surged 3.5%, Flowserve (NYSE:FLS) rose 3.3%, EMCOR (NYSE:EME) increased by 3.6%, and Terex (NYSE:TEX) jumped 3.9%, reflecting a positive sentiment towards the outlook of these sectors amid geopolitical tensions.
- Terex Volatility: Terex shares have experienced 20 moves greater than 5% in the past year, and today's increase indicates that the market finds the news significant, although it does not fundamentally alter perceptions of the company's performance, suggesting cautious optimism.
- Investment Returns: Despite Terex's 2.8% rise year-to-date, its current price of $56.57 remains 18.6% below its 52-week high of $69.51, presenting a potential buying opportunity for long-term investors, with a $1,000 investment five years ago now valued at $1,228.
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- Efficiency Improvements: The expansion will enhance existing assembly, fabrication, and paint facilities, with the paint operations set to double in size, which is expected to improve production throughput and product quality, thereby reducing delivery times and increasing customer satisfaction.
- Focus on Ladder Manufacturing: The establishment of a dedicated ladder manufacturing center of excellence will address current production constraints and support future capacity expansion, ensuring E-ONE can quickly respond to market demands and enhance overall production capabilities.
- Community Engagement: A groundbreaking ceremony will be held at E-ONE's facility in Ocala, Florida, attended by state and local legislators, local fire chiefs, and community leaders, further solidifying the company's relationship with the community and demonstrating its commitment to the firefighting industry.
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Major Wall Street Rating Updates on Monday
- Apple Rating Maintained: Citigroup reiterates Apple as a buy despite trimming its second-half earnings estimates, projecting a 140bps and 48bps gross margin headwind in 2026 and 2027, indicating Apple's relative strength in navigating memory component price hikes.
- Oracle Price Target Cut: Deutsche Bank lowers Oracle's price target from $375 to $300 while maintaining a buy rating, reflecting concerns over extended timelines to resolve issues that could impact equity performance in the coming quarters.
- Nvidia Core Holding: Citigroup reaffirms Nvidia as a core holding, emphasizing its pivotal role in agentic and physical AI, showcasing confidence in the company's growth potential in these critical sectors.
- Netflix Downgrade: Wells Fargo downgrades Netflix from overweight to equal weight, citing the need for continued investment to drive growth and concerns over its competitive positioning in the market, indicating a cautious outlook on its future performance.
See More
Terex Corporation to Host Q1 2026 Financial Results Conference Call
- Conference Call Announcement: Terex Corporation will host a conference call on May 1, 2026, at 8:30 a.m. Eastern Time to review its Q1 2026 financial results, providing investors with crucial financial data and future outlook.
- Leadership Participation: The call will be led by CEO Simon Meester and CFO Jennifer Kong-Picarello, ensuring that investors receive direct insights and analyses from the company's top executives regarding performance.
- Financial Results Release: The company's financial results will be issued prior to the call and available on its investor website, allowing participants to access relevant information ahead of time for a more informed discussion.
- Global Business Overview: Terex, as a global leader in specialized equipment solutions, serves essential sectors such as emergency services, waste recycling, utilities, and construction, showcasing strong market demand and long-term growth potential.
See More
Terex Corporation to Host Q1 2026 Financial Results Conference Call
- Conference Call Announcement: Terex Corporation will host a conference call on May 1, 2026, at 8:30 a.m. Eastern Time, led by CEO Simon Meester and CFO Jennifer Kong-Picarello, to review its Q1 financial results, aiming to provide detailed insights into the company's performance.
- Financial Results Release: The company's financial results will be issued prior to the call and made available on its investor website, ensuring that investors have access to the latest information before the meeting, thereby enhancing transparency and investor confidence.
- Global Market Positioning: As a global leader in specialized equipment solutions, Terex serves essential sectors such as emergency services, waste recycling, utilities, and construction, showcasing its strong growth potential in high-demand markets.
- Innovation and Investment Strategy: The company is committed to exceeding customer expectations, investing in innovation, and leveraging its diversified portfolio to ensure consistent, profitable growth for shareholders, reflecting its competitive advantage in the global market.
See More
S&P 500 Futures Decline in Pre-Market Session; Houlihan Lokey and Vontier Underperform
Market Opening: U.S. stock markets are set to open in two hours.
Terex Corp. Performance: Terex Corp. (TEX) saw an increase of 11.4% in pre-market trading.
CoreWeave Inc. Performance: CoreWeave Inc. Cl A (CRWV) experienced a rise of 7.1% in pre-market trading.
See More
Market Rebounds as Trump Considers Ending Iran Conflict
- Market Rebound: The stock market rebounded in the morning session, with the S&P 500 rising over 1% due to stabilizing oil prices and reports of President Trump's consideration to end military conflict in Iran, alleviating investor concerns about prolonged hostilities.
- Stock Performance: Vertiv (NYSE:VRT) surged 3.5%, Flowserve (NYSE:FLS) rose 3.3%, EMCOR (NYSE:EME) increased by 3.6%, and Terex (NYSE:TEX) jumped 3.9%, reflecting a positive sentiment towards the outlook of these sectors amid geopolitical tensions.
- Terex Volatility: Terex shares have experienced 20 moves greater than 5% in the past year, and today's increase indicates that the market finds the news significant, although it does not fundamentally alter perceptions of the company's performance, suggesting cautious optimism.
- Investment Returns: Despite Terex's 2.8% rise year-to-date, its current price of $56.57 remains 18.6% below its 52-week high of $69.51, presenting a potential buying opportunity for long-term investors, with a $1,000 investment five years ago now valued at $1,228.
See More
E-ONE Announces Strategic Investment to Increase Production Capacity
- Investment Scale: E-ONE announced a $23.5 million investment in its manufacturing facility aimed at increasing aerial production capacity by 35%, addressing the growing demand for modern ladder trucks in North America and enhancing the company's competitive position in the market.
- Efficiency Improvements: The expansion will enhance existing assembly, fabrication, and paint facilities, with the paint operations set to double in size, which is expected to improve production throughput and product quality, thereby reducing delivery times and increasing customer satisfaction.
- Focus on Ladder Manufacturing: The establishment of a dedicated ladder manufacturing center of excellence will address current production constraints and support future capacity expansion, ensuring E-ONE can quickly respond to market demands and enhance overall production capabilities.
- Community Engagement: A groundbreaking ceremony will be held at E-ONE's facility in Ocala, Florida, attended by state and local legislators, local fire chiefs, and community leaders, further solidifying the company's relationship with the community and demonstrating its commitment to the firefighting industry.
See More
Major Wall Street Rating Updates on Monday
- Apple Rating Maintained: Citigroup reiterates Apple as a buy despite trimming its second-half earnings estimates, projecting a 140bps and 48bps gross margin headwind in 2026 and 2027, indicating Apple's relative strength in navigating memory component price hikes.
- Oracle Price Target Cut: Deutsche Bank lowers Oracle's price target from $375 to $300 while maintaining a buy rating, reflecting concerns over extended timelines to resolve issues that could impact equity performance in the coming quarters.
- Nvidia Core Holding: Citigroup reaffirms Nvidia as a core holding, emphasizing its pivotal role in agentic and physical AI, showcasing confidence in the company's growth potential in these critical sectors.
- Netflix Downgrade: Wells Fargo downgrades Netflix from overweight to equal weight, citing the need for continued investment to drive growth and concerns over its competitive positioning in the market, indicating a cautious outlook on its future performance.
See More
