Terex Corp [TEX] stock prices are up 0.87% to $55.64 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TEX shares have gain 2.47% over the last week, with a monthly amount glided 8.63%, 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.
The stock price of Terex Corp [TEX] has been fluctuating between $48.11 and $68.08 over the past year. Currently, Wall Street analysts expect the stock to reach $65 within the next 12 months. Terex Corp [NYSE: TEX] shares were valued at $55.64 at the most recent close of the market. An investor can expect a potential return of 16.82% based on the average TEX price forecast.
Analyzing the TEX fundamentals
The Terex Corp [NYSE:TEX] reported sales of 5.11B for trailing twelve months, representing a drop of -6.05%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
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 54.93 points at the first support level, and at 54.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.08, and for the 2nd resistance point, it is at 56.53.
Ratios To Look Out For
It’s worth pointing out that Terex Corp [NYSE:TEX]’s Current Ratio is 2.39. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 8.11.
Transactions by insiders
Recent insider trading involved Hegarty Kieran, President, Materials Processin, that happened on Nov 06 ’24 when 18000.0 shares were sold. Director, SACHS DAVID A completed a deal on Nov 07 ’24 to buy 10000.0 shares. Meanwhile, Officer Hegarty Kieran bought 18000.0 shares on Nov 06 ’24.
