Terex Corp (NYSE: TEX)’s stock price has plunge by -0.06relation to previous closing price of 54.30. Nevertheless, the company has seen a 4.09% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-06 that TEX expects sales to be between $5.0 billion and $5.2 billion for 2024, which include contribution from its recent ESG acquisition.
Is It Worth Investing in Terex Corp (NYSE: TEX) Right Now?
Terex Corp (NYSE: TEX) has a price-to-earnings ratio of 7.91x that is above its average ratio. Additionally, the 36-month beta value for TEX is 1.53. 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.”
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The public float for TEX is 65.11M and currently, short sellers hold a 7.84% ratio of that float. The average trading volume of TEX on November 28, 2024 was 768.32K shares.
TEX’s Market Performance
TEX’s stock has seen a 4.09% increase for the week, with a 0.02% rise in the past month and a -3.59% fall in the past quarter. The volatility ratio for the week is 3.09%, and the volatility levels for the past 30 days are at 3.16% for Terex Corp The simple moving average for the past 20 days is 1.50% for TEX’s stock, with a -4.17% simple moving average for the past 200 days.
Analysts’ Opinion of TEX
Citigroup, on the other hand, stated in their research note that they expect to see TEX reach a price target of $60. The rating they have provided for TEX stocks is “Neutral” according to the report published on June 26th, 2024.
JP Morgan gave a rating of “Neutral” to TEX, setting the target price at $63 in the report published on March 18th of the current year.
TEX Trading at 1.56% 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 -20.29% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares surge +5.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.83% lower at present.
During the last 5 trading sessions, TEX rose by +4.09%, which changed the moving average for the period of 200-days by -1.52% in comparison to the 20-day moving average, which settled at $53.47. In addition, Terex Corp saw -5.55% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TEX starting from Hegarty Kieran, who sale 18,000 shares at the price of $58.43 back on Nov 06 ’24. After this action, Hegarty Kieran now owns 182,493 shares of Terex Corp, valued at $1,051,740 using the latest closing price.
SACHS DAVID A, the Director of Terex Corp, purchase 10,000 shares at $56.98 during a trade that took place back on Nov 07 ’24, which means that SACHS DAVID A is holding 97,500 shares at $569,800 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
- 0.22 for the gross margin
The net margin for Terex Corp stands at 0.09. The total capital return value is set at 0.21. Equity return is now at value 26.94, with 12.84 for asset returns.
Based on Terex Corp (TEX), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 9.92.
Currently, EBITDA for the company is 700.2 million with net debt to EBITDA at 0.43. When we switch over and look at the enterprise to sales, we see a ratio of 0.76. The receivables turnover for the company is 7.63for trailing twelve months and the total asset turnover is 1.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.39.
Conclusion
In conclusion, Terex Corp (TEX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
