Terex Corp. (NYSE: TEX)’s stock price has plunge by -1.55relation to previous closing price of 60.71. Nevertheless, the company has seen a -7.06% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-18 that Terex (TEX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Terex Corp. (NYSE: TEX) Right Now?
Terex Corp. (NYSE: TEX) has a higher price-to-earnings ratio of 7.90x compared to its average ratio, The 36-month beta value for TEX is at 1.64. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for TEX is 65.26M, and currently, shorts hold a 2.88% of that float. The average trading volume for TEX on April 19, 2024 was 702.13K shares.
TEX’s Market Performance
The stock of Terex Corp. (TEX) has seen a -7.06% decrease in the past week, with a 0.18% rise in the past month, and a 5.56% gain in the past quarter. The volatility ratio for the week is 3.26%, and the volatility levels for the past 30 days are at 2.46% for TEX. The simple moving average for the last 20 days is -5.53% for TEX stock, with a simple moving average of 4.70% for the last 200 days.
Analysts’ Opinion of TEX
Many brokerage firms have already submitted their reports for TEX stocks, with JP Morgan repeating the rating for TEX by listing it as a “Neutral.” The predicted price for TEX in the upcoming period, according to JP Morgan is $63 based on the research report published on March 18, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see TEX reach a price target of $73. The rating they have provided for TEX stocks is “Buy” according to the report published on March 14th, 2024.
UBS gave a rating of “Neutral” to TEX, setting the target price at $62 in the report published on February 13th of the current year.
TEX Trading at -0.20% from the 50-Day Moving Average
After a stumble in the market that brought TEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.29% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares sank -0.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.50% lower at present.
During the last 5 trading sessions, TEX fell by -7.06%, which changed the moving average for the period of 200-days by -2.03% in comparison to the 20-day moving average, which settled at $63.26. In addition, Terex Corp. saw 4.02% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TEX starting from GARRISON JOHN L JR, who sale 50,000 shares at the price of $64.28 back on Mar 27 ’24. After this action, GARRISON JOHN L JR now owns 315,483 shares of Terex Corp., valued at $3,214,000 using the latest closing price.
GARRISON JOHN L JR, the Former DIR, Chairman and CEO of Terex Corp., sale 15,906 shares at $61.74 during a trade that took place back on Mar 21 ’24, which means that GARRISON JOHN L JR is holding 364,928 shares at $982,036 based on the most recent closing price.
Stock Fundamentals for TEX
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.23 for the gross margin
The net margin for Terex Corp. stands at 0.1. The total capital return value is set at 0.25. Equity return is now at value 36.22, with 15.35 for asset returns.
Based on Terex Corp. (TEX), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.74. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 21.72.
Currently, EBITDA for the company is 699.4 million with net debt to EBITDA at 0.37. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 9.4for trailing twelve months and the total asset turnover is 1.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.01.
Conclusion
In conclusion, Terex Corp. (TEX) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
