Terex Corp. (NYSE: TEX) – Suitable For Long Term Buy?

Currently, there are 66.10M common shares owned by the public and among those 65.20M shares have been available to trade.

The company’s stock has a 5-day price change of 2.21% and -4.86% over the past three months. TEX shares are trading -1.20% year to date (YTD), with the 12-month market performance down to -6.47% lower. It has a 12-month low price of $43.70 and touched a high of $68.08 over the same period. TEX has an average intraday trading volume of 977.91K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.29%, 0.93%, and -1.29% respectively.

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Institutional ownership of Terex Corp. (NYSE: TEX) shares accounts for 102.07% of the company’s 66.10M shares outstanding.

It has a market capitalization of $3.80B and a beta (3y monthly) value of 1.55. The stock’s trailing 12-month PE ratio is 7.77, while the earnings-per-share (ttm) stands at $7.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.68% over the week and 3.23% over the month.

Analysts forecast that Terex Corp. (TEX) will achieve an EPS of 1.94 for the current quarter, 1.52 for the next quarter and 6.87 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.72 while analysts give the company a high EPS estimate of 1.72. Comparatively, EPS for the current quarter was 1.75 a year ago. Earnings per share for the fiscal year are expected to increase by 2.93%, and -5.19% over the next financial year. EPS should shrink at an annualized rate of -9.73% over the next five years, compared to 39.20% over the past 5-year period.

Citigroup coverage for the Terex Corp. (TEX) stock in a research note released on June 26, 2024 offered a Neutral rating with a price target of $60. JP Morgan was of a view on March 18, 2024 that the stock is Neutral, while Truist gave the stock Buy rating on March 14, 2024, issuing a price target of $73. UBS on their part issued Neutral rating on February 13, 2024.

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