A share price of Terex Corp [TEX] is currently trading at $58.61, up 12.00%. 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 13.74% over the last week, with a monthly amount glided 10.56%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Citigroup started tracking the stock with Neutral rating on June 26, 2024, and set its price target to $60. On March 18, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $63 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $73 on March 14, 2024. UBS downgraded its rating to a Neutral and raised its price target to $62 on February 13, 2024. BofA Securities downgraded its rating to Underperform for this stock on January 19, 2024, but kept the price target unchanged to $57. In a note dated December 20, 2023, Jefferies downgraded an Hold rating on this stock and revised its target price from $73 to $63.
Terex Corp experienced fluctuations in its stock price throughout the past year between $46.94 and $68.08. Currently, Wall Street analysts expect the stock to reach $54.4 within the next 12 months. Terex Corp [NYSE: TEX] shares were valued at $58.61 at the most recent close of the market. An investor can expect a potential drop of -7.18% based on the average TEX price forecast.
Analyzing the TEX fundamentals
Trailing Twelve Months sales for Terex Corp [NYSE:TEX] were 5.11B which represents -6.05% decline. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.26 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
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 56.75 points at the first support level, and at 54.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.57, and for the 2nd resistance point, it is at 60.52.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Terex Corp [NYSE:TEX] is 2.39. As well, the Quick Ratio is 1.16, while the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 0.77, the price to book ratio is 1.98 and price to earnings (TTM) ratio is 8.54.
Transactions by insiders
Recent insider trading involved Hegarty Kieran, Officer, that happened on Nov 06 ’24 when 18000.0 shares were purchased. Director, RUSH ANDRA completed a deal on Aug 02 ’24 to buy 2205.0 shares. Meanwhile, Senior V.P., Gen Counsel Sec. POSNER SCOTT sold 12500.0 shares on May 24 ’24.
