The stock of Terex Corp. (TEX) has gone down by -0.12% for the week, with a -2.07% drop in the past month and a 5.13% rise in the past quarter. The volatility ratio for the week is 2.85%, and the volatility levels for the past 30 days are 2.52% for TEX. The simple moving average for the last 20 days is -3.89% for TEX stock, with a simple moving average of 6.17% for the last 200 days.
Is It Worth Investing in Terex Corp. (NYSE: TEX) Right Now?
The price-to-earnings ratio for Terex Corp. (NYSE: TEX) is above average at 8.01x. The 36-month beta value for TEX is also noteworthy at 1.64. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 10 rating it as “hold,” and 2 rating it as “sell.”
The public float for TEX is 65.26M, and at present, short sellers hold a 2.88% of that float. The average trading volume of TEX on April 25, 2024 was 712.23K shares.
TEX) stock’s latest price update
The stock of Terex Corp. (NYSE: TEX) has decreased by -0.59 when compared to last closing price of 61.00. Despite this, the company has experienced a -0.12% fall 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.
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 1.54% 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 -7.97% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.85%, as shares sank -3.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.43% upper at present.
During the last 5 trading sessions, TEX fell by -0.12%, which changed the moving average for the period of 200-days by +2.80% in comparison to the 20-day moving average, which settled at $63.00. In addition, Terex Corp. saw 5.53% 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 0.84. 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 summary, Terex Corp. (TEX) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
