Terex Corporation (NYSE: TEX) Is Getting Increasingly Hard To Ignore


    With over 0.6 million Terex Corporation (TEX) shares trading Thursday and a closing price of $17.39 on the day, the dollar volume was approximately $10.47 million. The shares have shown a negative weekly performance of -2.08% and its price on 07/09/20 lost nearly -3.82%. Currently, there are 70.50M common shares owned by the public and among those 66.40M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for TEX have a consensus price objective of $16.88. The analysts have set the share’s price value over the next 12 months at a high of $25.00 and a low of $9.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Terex Corporation stock is 3.00 for the next 12 months. The average price target is -3.51% below its last price level and a downside to the estimated low will see the stock lose -93.22% over that period. But an upside of 30.44% will see the stock hit the forecast high price target while mean target price for the stock is $16.50.

    Insiders at the company have transacted a total of 140 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 74 of these insider trades were purchases, accounting for 614,909 shares. Insider sales of the common stock occurred on 66 occasions, with total insider shares sold totaling 501,113 shares.

    Shares of Terex Corporation (NYSE: TEX) opened at $17.99, down -$0.09 from a prior closing price of $18.08. However, the script later closed the day at $17.39, down -3.82%. The company’s stock has a 5-day price change of -2.08% and 15.78% over the past three months. TEX shares are trading -41.61% year to date (YTD), with the 12-month market performance down to -40.53% lower. It has a 12-month low price of $11.54 and touched a high of $33.49 over the same period. Currently, 0.6 million shares have been traded, compared to an average intraday trading volume of 1.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.80%, 3.62%, and -21.88% respectively.

    Institutional ownership of Terex Corporation (NYSE: TEX) shares accounts for 92.60% of the company’s 70.50M shares outstanding.

    It has a market capitalization of $1.18B and a beta (3y monthly) value of 1.64. The stock’s trailing 12-month PE ratio is 9.80, while the earnings-per-share (ttm) stands at $1.78. The company has a Quick Ratio of 1.50 with the debt-to-equity ratio at 1.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.44% over the week and 5.50% over the month.

    Analysts forecast that Terex Corporation (TEX) will achieve an EPS of -$0.58 for the current quarter, -$0.14 for the next quarter and $1.02 for 2021. The lowest estimate earnings-per-share for the quarter is -$1.11 while analysts give the company a high EPS estimate of -$0.15. Comparatively, EPS for the current quarter was $1.21 a year ago. Earnings per share for the fiscal year are expected to decrease by -9.10%, and 187.90% over the next financial year. EPS over the next five years should compared to 5.20% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Terex Corporation (TEX) as a “Hold” at a consensus score of 3.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 13 of the 19 advise that investors “hold,” and 2 rated it as a “Sell.”

    Looking at the support for the TEX, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on July 01, 2020, with the firm’s price target at $21. CFRA coverage for the Terex Corporation (TEX) stock in a research note released on May 04, 2020 offered a Sell rating with a price target of. Credit Suisse was of a view on April 24, 2020 that the stock is Neutral, while Goldman gave the stock Neutral rating on April 20, 2020, issuing a price target of $21- $19. Citigroup on their part issued Neutral rating on March 25, 2020.


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