While Terex Corp. has overperformed by 3.51%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TEX fell by -9.10%, with highs and lows ranging from $68.08 to $43.70, whereas the simple moving average fell by -4.49% in the last 200 days.
On June 28, 2024, Raymond James started tracking Terex Corp. (NYSE: TEX) recommending Mkt Perform. A report published by Citigroup on June 26, 2024, Initiated its previous ‘Neutral’ rating for TEX. JP Morgan also Downgraded TEX shares as ‘Neutral’, setting a target price of $63 on the company’s shares in a report dated March 18, 2024. Truist Initiated an Buy rating on March 14, 2024, and assigned a price target of $73. UBS February 13, 2024d its ‘Buy’ rating to ‘Neutral’ for TEX, as published in its report on February 13, 2024. BofA Securities’s report from January 19, 2024 suggests a price prediction of $57 for TEX shares, giving the stock a ‘Underperform’ rating. Jefferies also rated the stock as ‘Hold’.
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Analysis of Terex Corp. (TEX)
A return on investment can be expected regardless of TEX’s performance over the next quarter with the dividend set at $0.68 per share. Further, the quarter-over-quarter decrease in sales is -1.53%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Terex Corp.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 30.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.07, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and TEX is recording an average volume of 980.38K. On a monthly basis, the volatility of the stock is set at 5.01%, whereas on a weekly basis, it is put at 2.72%, with a loss of -0.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $65.17, showing growth from the present price of $54.54, which can serve as yet another indication of whether TEX is worth investing in or should be passed over.
How Do You Analyze Terex Corp. Shares?
A leading company in the Farm & Heavy Construction Machinery sector, Terex Corp. (TEX) is based in the USA. When comparing Terex Corp. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.47, there is a growth in quarterly earnings of -11.43%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.55%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 101.96% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TEX shares are owned by institutional investors to the tune of 101.96% at present.
