Terex Corporation (NYSE:TEX) finished Friday with a subtraction of -$0.17 to close at $60.68, a downside of -0.28 percent. An average of 819,040 shares of common stock have been traded in the last five days. There was a fall of -$2.07 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 972,030 shares traded, while the 50-day average volume stands at 819,966.
TEX stock has decreased by -4.12% in the last month. The company shares reached their 1-month lowest point of $56.57 on 07/27/23. With the stock rallying to its 52-week high on 07/18/23, shares of the company touched a low of $28.82 and a high of $65.64 in 52 weeks. It has reached a new high 30 times so far this year and achieved 42.04% or $17.96 in price. In spite of this, the price is down -7.56% from the 52-week high.
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Insider Transactions
TEX stock investors should be aware that Terex Corporation (TEX) stock had its last reported insider trading activity 44 days ago on Jun 29. In this transaction, the insider spent $597,960. President, Materials Processin, Hegarty Kieran, disposed of 27,000 shares at a price of $55.84 on Jun 08. The insider now owns more than $1,507,680 worth of shares. Prior to that, President – Genie MEESTER SIMON went on to Sale 6,000 shares at $50.44 each on May 03. An amount of $302,640 was transacted.
Valuation Metrics
Terex Corporation (TEX) has a trailing price-to-earnings (P/E) ratio of 9.37. The stock’s beta is 1.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.85, the price-to-book (PB) ratio at 2.86, and the price-to-cash flow ratio at 18.15.
The company has a payout ratio of 9.10%. The company’s most recent quarterly dividend payment was $0.17 a share, representing a up of 13.33% from $0.15 last year.
Financial Health
The quick ratio of Terex Corporation for the three months ended June 29 was 1.00, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.51 and a total debt to equity ratio of 0.51 for the quarter ending June 29. Its gross profit as reported stood at $871.2 million compared to revenue of $4.42 billion.
Earnings Surprise
For the three-month period that ended June 29, Terex Corporation had $734.3 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $159.4 million in the quarter, while revenues of $112.6 million were grew 53.51%. The analyst consensus anticipated Terex Corporation’s latest quarter earnings to come in at $1.66 per share, but it turned out to be $2.34, a 41.00% surprise. For the quarter, EBITDA amounted to $222.7 million. Shareholders own equity worth $67.4 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Terex Corporation (TEX) price momentum. RSI 9-day as of the close on 11 August was 46.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.25%.
As of today, TEX’s price is $61.65 -3.30% or -$2.07 from its 5-day moving average. TEX is currently trading -2.18% lower than its 20-day SMA and +29.00% higher than its 100-day SMA. However, the stock’s current price level is +30.86% above the SMA50 and +77.79% above the SMA200.
The stochastic %K and %D were 52.01% and 58.93%, respectively, and the average true range (ATR) was 2.12. With the 14-day stochastic at 49.10% and the average true range at 2.10, the RSI (14) stands at 50.69%. The stock has reached -1.31 on the 9-day MACD Oscillator while the 14-day reading was at 0.23.
Analyst Ratings
Raymond James launched coverage on Terex Corporation (NYSE: TEX) in its analyst report released on July 07, 2023. The firm assigned the stock a Mkt perform rating. The consensus rating for Terex Corporation (TEX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TEX, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is TEX’s price target for the next 12 months?
Analysts predict a range of price targets between $60.00 and $80.00, with a median target of $70.00. Taking a look at these predictions, the average price target given by analysts for Terex Corporation (TEX) stock is $69.93.
