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 fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TEX is 57.00 USD with a low forecast of 50.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
3 Buy
6 Hold
0 Sell
Moderate Buy
Current: 61.260
Low
50.00
Averages
57.00
High
70.00
Current: 61.260
Low
50.00
Averages
57.00
High
70.00
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 Materials Processing (MP), Aerial Work Platforms (AWP) and Environmental Solutions Group (ESG). MP designs, manufactures, services and markets materials processing and specialty equipment, including crushers, washing systems, screens, trommels, apron feeders, material handlers, and includes Franna pick and carry cranes business. AWP designs, manufactures, services and markets aerial work platform equipment, utility equipment and telehandlers and their related components and replacement parts. ESG designs, manufactures, services and markets waste and recycling equipment and solutions, including refuse collection bodies, hydraulic cart lifters, automated carry cans, compaction, balers and recycling equipment, and cameras with integrated smart technology.
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 Completes Merger with REV Group to Enhance Growth Prospects
- Merger Completion: The successful merger between Terex and REV Group creates a premier specialty equipment manufacturer with a diversified portfolio, expected to accelerate profitable growth and enhance market competitiveness.
- Significant Synergies: The merger is projected to unlock $75 million in synergies by 2028, with approximately 50% to be realized within the next twelve months, showcasing both companies' strong integration capabilities.
- Lower Capital Intensity: The combined entity will feature lower capital intensity and an attractive leverage profile, with strong free cash flow supporting future investments, further solidifying its market position.
- Stock Trading Changes: Following the merger, REV Group's stock ceased trading, while Terex will continue to be listed on the New York Stock Exchange, marking a significant step in the company's strategic transformation.
See More
Terex Completes Merger with REV Group to Enhance Specialty Equipment Portfolio
- Merger Completion: Terex Corporation has successfully completed its merger with REV Group, creating a leading specialty equipment manufacturer that is expected to drive the company's transformation through a diversified product portfolio and strong growth prospects.
- Significant Synergies: The merger is projected to unlock $75 million in run-rate synergies by 2028, with approximately 50% expected to be realized within the next twelve months, showcasing the strong integration and value creation capabilities of both companies.
- Lower Capital Intensity: The combined entity will feature lower capital intensity and an attractive leverage profile, anticipated to generate strong free cash flow, thereby enhancing shareholder returns significantly.
- Unique Market Positioning: Post-merger, Terex will continue to trade on the New York Stock Exchange, leveraging the strengths of both organizations to enhance customer value and shareholder returns, further solidifying its leadership position in the specialty equipment market.
See More
Terex Corporation to Host Q4 2025 Financial Results Conference Call
- Conference Call Announcement: Terex Corporation will host a conference call on February 11, 2026, at 8:30 a.m. ET to review its Q4 and year-end 2025 financial results, providing crucial insights for investors.
- Leadership Participation: The call will be hosted by CEO Simon Meester and CFO Jennifer Kong-Picarello, reflecting the company's commitment to transparency and effective communication with investors.
- Financial Results Release: Financial results will be issued prior to the call and accessible via the investor website, ensuring participants can obtain key information ahead of time, thereby enhancing the call's effectiveness.
- Webcast Replay Availability: A replay of the webcast will be available on the company’s website post-call, allowing investors who cannot attend live to access the information at their convenience, thus improving information accessibility and transparency.
See More
Terex Corporation to Host Q4 2025 Financial Results Conference Call
- Conference Call Announcement: Terex Corporation will hold a conference call on February 11, 2026, at 8:30 a.m. Eastern Time to review its Q4 and year-end 2025 financial results, which is expected to attract significant attention from investors and analysts.
- Executive Participation: The call will be hosted by CEO Simon Meester and CFO Jennifer Kong-Picarello, ensuring that investors can directly hear insights and outlooks from the company's leadership, enhancing transparency.
- 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 the latest financial data before the meeting, thereby increasing the call's effectiveness.
- Global Business Overview: Terex is a global industrial equipment manufacturer focused on materials processing, waste recycling, and electric utility equipment, with products utilized across various industries, showcasing its commitment to environmental sustainability and innovation.
See More
Terex Appoints Namita Jindal as Chief AI Officer to Accelerate Digital Transformation
- Executive Appointment: Terex Corporation has appointed Namita Jindal as Senior Vice President and Chief AI and Data Officer, effective immediately, reporting directly to CEO Simon Meester and joining the Executive Leadership Team to drive the company's digital transformation strategy.
- Extensive Experience: Prior to joining Terex, Jindal served as Chief Information Officer at CentralSquare Technologies since 2021, where she gained significant experience in digital transformation, having previously held the CIO position at Honeywell Intelligrated, successfully leading several key initiatives.
- Strategic Implications: Meester noted that Jindal's expertise in artificial intelligence and data management will accelerate Terex's digital strategy, enhancing the company's efficiency and profitability, thereby strengthening its competitive position in the market.
- Educational Background: Jindal holds an MBA from Ohio University and a Bachelor's degree in Computer Science Engineering from India, and her academic credentials combined with industry experience are expected to inject new vitality into Terex's future growth.
See More
Terex Appoints Namita Jindal as Chief AI Officer to Accelerate Digital Transformation
- Executive Appointment: Terex Corporation has appointed Namita Jindal as Senior Vice President and Chief AI and Data Officer, effective immediately, aiming to leverage her extensive experience in AI and data management to accelerate the company's digital transformation strategy.
- Rich Background: Prior to joining Terex, Jindal served as Chief Information Officer at CentralSquare Technologies since 2021, driving digital transformation, and held key roles at Honeywell Intelligrated, accumulating over 20 years of leadership experience.
- Strategic Importance: Terex President Simon Meester stated that Jindal's expertise will help build a stronger, more efficient, and more profitable business, highlighting the company's commitment to digital transformation.
- Educational Credentials: Jindal holds an MBA from Ohio University and a bachelor's degree in computer science engineering from India, further enhancing her expertise in technology and management.
See More
Terex Completes Merger with REV Group to Enhance Growth Prospects
- Merger Completion: The successful merger between Terex and REV Group creates a premier specialty equipment manufacturer with a diversified portfolio, expected to accelerate profitable growth and enhance market competitiveness.
- Significant Synergies: The merger is projected to unlock $75 million in synergies by 2028, with approximately 50% to be realized within the next twelve months, showcasing both companies' strong integration capabilities.
- Lower Capital Intensity: The combined entity will feature lower capital intensity and an attractive leverage profile, with strong free cash flow supporting future investments, further solidifying its market position.
- Stock Trading Changes: Following the merger, REV Group's stock ceased trading, while Terex will continue to be listed on the New York Stock Exchange, marking a significant step in the company's strategic transformation.
See More
Terex Completes Merger with REV Group to Enhance Specialty Equipment Portfolio
- Merger Completion: Terex Corporation has successfully completed its merger with REV Group, creating a leading specialty equipment manufacturer that is expected to drive the company's transformation through a diversified product portfolio and strong growth prospects.
- Significant Synergies: The merger is projected to unlock $75 million in run-rate synergies by 2028, with approximately 50% expected to be realized within the next twelve months, showcasing the strong integration and value creation capabilities of both companies.
- Lower Capital Intensity: The combined entity will feature lower capital intensity and an attractive leverage profile, anticipated to generate strong free cash flow, thereby enhancing shareholder returns significantly.
- Unique Market Positioning: Post-merger, Terex will continue to trade on the New York Stock Exchange, leveraging the strengths of both organizations to enhance customer value and shareholder returns, further solidifying its leadership position in the specialty equipment market.
See More
Terex Corporation to Host Q4 2025 Financial Results Conference Call
- Conference Call Announcement: Terex Corporation will host a conference call on February 11, 2026, at 8:30 a.m. ET to review its Q4 and year-end 2025 financial results, providing crucial insights for investors.
- Leadership Participation: The call will be hosted by CEO Simon Meester and CFO Jennifer Kong-Picarello, reflecting the company's commitment to transparency and effective communication with investors.
- Financial Results Release: Financial results will be issued prior to the call and accessible via the investor website, ensuring participants can obtain key information ahead of time, thereby enhancing the call's effectiveness.
- Webcast Replay Availability: A replay of the webcast will be available on the company’s website post-call, allowing investors who cannot attend live to access the information at their convenience, thus improving information accessibility and transparency.
See More
Terex Corporation to Host Q4 2025 Financial Results Conference Call
- Conference Call Announcement: Terex Corporation will hold a conference call on February 11, 2026, at 8:30 a.m. Eastern Time to review its Q4 and year-end 2025 financial results, which is expected to attract significant attention from investors and analysts.
- Executive Participation: The call will be hosted by CEO Simon Meester and CFO Jennifer Kong-Picarello, ensuring that investors can directly hear insights and outlooks from the company's leadership, enhancing transparency.
- 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 the latest financial data before the meeting, thereby increasing the call's effectiveness.
- Global Business Overview: Terex is a global industrial equipment manufacturer focused on materials processing, waste recycling, and electric utility equipment, with products utilized across various industries, showcasing its commitment to environmental sustainability and innovation.
See More
Terex Appoints Namita Jindal as Chief AI Officer to Accelerate Digital Transformation
- Executive Appointment: Terex Corporation has appointed Namita Jindal as Senior Vice President and Chief AI and Data Officer, effective immediately, reporting directly to CEO Simon Meester and joining the Executive Leadership Team to drive the company's digital transformation strategy.
- Extensive Experience: Prior to joining Terex, Jindal served as Chief Information Officer at CentralSquare Technologies since 2021, where she gained significant experience in digital transformation, having previously held the CIO position at Honeywell Intelligrated, successfully leading several key initiatives.
- Strategic Implications: Meester noted that Jindal's expertise in artificial intelligence and data management will accelerate Terex's digital strategy, enhancing the company's efficiency and profitability, thereby strengthening its competitive position in the market.
- Educational Background: Jindal holds an MBA from Ohio University and a Bachelor's degree in Computer Science Engineering from India, and her academic credentials combined with industry experience are expected to inject new vitality into Terex's future growth.
See More
Terex Appoints Namita Jindal as Chief AI Officer to Accelerate Digital Transformation
- Executive Appointment: Terex Corporation has appointed Namita Jindal as Senior Vice President and Chief AI and Data Officer, effective immediately, aiming to leverage her extensive experience in AI and data management to accelerate the company's digital transformation strategy.
- Rich Background: Prior to joining Terex, Jindal served as Chief Information Officer at CentralSquare Technologies since 2021, driving digital transformation, and held key roles at Honeywell Intelligrated, accumulating over 20 years of leadership experience.
- Strategic Importance: Terex President Simon Meester stated that Jindal's expertise will help build a stronger, more efficient, and more profitable business, highlighting the company's commitment to digital transformation.
- Educational Credentials: Jindal holds an MBA from Ohio University and a bachelor's degree in computer science engineering from India, further enhancing her expertise in technology and management.
See More
