Terex Corp (NYSE: TEX): Do Not Miss The Gain Train

Terex Corp (TEX) concluded trading on Wednesday at a closing price of $54.27, with 0.46 million shares of worth about $25.05 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.45% during that period and on November 27, 2024 the price saw a loss of about -0.06%. Currently the company’s common shares owned by public are about 66.10M shares, out of which, 65.11M shares are available for trading.

Stock saw a price change of 4.09% in past 5 days and over the past one month there was a price change of 0.02%. Year-to-date (YTD), TEX shares are showing a performance of -5.55% which increased to 11.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.11 but also hit the highest price of $68.08 during that period. The average intraday trading volume for Terex Corp shares is 768.32K. The stock is currently trading 1.50% above its 20-day simple moving average (SMA20), while that difference is up 1.56% for SMA50 and it goes to -4.17% lower than SMA200.

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Terex Corp (NYSE: TEX) currently have 66.10M outstanding shares and institutions hold larger chunk of about 96.40% of that.

The stock has a current market capitalization of $3.63B and its 3Y-monthly beta is at 1.53. PE ratio of stock for trailing 12 months is 7.91, while it has posted earnings per share of $6.86 in the same period. It has Quick Ratio of 1.16 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TEX, volatility over the week remained 3.09% while standing at 3.16% over the month.

Analysts are in expectations that Terex Corp (TEX) stock would likely to be making an EPS of 0.79 in the current quarter, while forecast for next quarter EPS is 1.34 and it is 5.61 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.66 which is 0.93 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.88 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -14.25% while it is estimated to decrease by -7.68% in next year. EPS is likely to shrink at an annualized rate of -1.49% for next 5-years, compared to annual growth of 39.20% made by the stock over the past 5-years.

Coverage by Citigroup stated Terex Corp (TEX) stock as a Neutral in their note to investors on June 26, 2024, suggesting a price target of $60 for the stock. On March 18, 2024, JP Morgan Downgrade their recommendations, while on March 14, 2024, Truist Initiated their ratings for the stock with a price target of $73. Stock get a Neutral rating from UBS on February 13, 2024.

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