Terex Corp. [TEX] stock is trading at $65.00, down -0.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TEX shares have gain 3.01% over the last week, with a monthly amount glided 10.06%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, Terex to Participate in the J.P. Morgan Industrials Conference. In a post published today on Yahoo Finance, Terex Corporation (NYSE: TEX) announced today that company leadership will participate in the J.P. Morgan Industrials Conference on Tuesday, March 12, 2024. Materials shared during the conference will be accessible on the Terex Investor Relations website at https://investors.terex.com.
From an analyst’s perspective:
Terex Corp. [NYSE: TEX] stock has seen the most recent analyst activity on March 18, 2024, when JP Morgan downgraded its rating to a Neutral but kept the price target unchanged to $63 for it. Previously, Truist started tracking the stock with Buy rating on March 14, 2024, and set its price target to $73. On February 13, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $62 on the stock. BofA Securities downgraded its rating to a Underperform but stick to its price target of $57 on January 19, 2024. Jefferies downgraded its rating to a Hold and reduced its price target to $63 on December 20, 2023. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on September 28, 2023. In a note dated July 07, 2023, Raymond James initiated an Mkt Perform rating.
Terex Corp. [TEX] stock has fluctuated between $41.89 and $65.89 over the past year. Currently, Wall Street analysts expect the stock to reach $54.11 within the next 12 months. Terex Corp. [NYSE: TEX] shares were valued at $65.00 at the most recent close of the market. An investor can expect a potential drop of -16.75% based on the average TEX price forecast.
Analyzing the TEX fundamentals
Terex Corp. [NYSE:TEX] reported sales of 5.15B for the trailing twelve months, which represents a growth of 0.41%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.35 and Total Capital is 0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 64.55 points at the first support level, and at 64.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.51, and for the 2nd resistance point, it is at 66.02.
Terex Corp. [TEX] reported earnings per share of $1.86 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.39/share, meaning a difference of $0.47 and a surprise factor of 33.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.75 per share as compared to estimates of $1.71 per share, a difference of $0.04 representing a surprise of 2.30%.
Ratios To Look Out For
For context, Terex Corp.’s Current Ratio is 2.01. As well, the Quick Ratio is 0.95, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 2.57 and price to earnings (TTM) ratio is 8.59.
Transactions by insiders
Recent insider trading involved GARRISON JOHN L JR, Former DIR, Chairman and CEO, that happened on Mar 27 ’24 when 50000.0 shares were sold. Former DIR, Chairman and CEO, GARRISON JOHN L JR completed a deal on Mar 21 ’24 to sell 15906.0 shares. Meanwhile, Former DIR, Chairman and CEO GARRISON JOHN L JR sold 59094.0 shares on Mar 20 ’24.
