As of Friday close, Terex Corporation’s (NYSE:TEX) stock was down -$0.19, moving down -0.33 percent to $56.81. The average number of shares traded per day over the past five days has been 698,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.87 fall in that time frame. In the last twenty days, the average volume was 954,505, while in the previous 50 days, it was 810,136.
Since last month, TEX stock retreated -8.24%. Shares of the company fell to $55.83 on 08/18/23, the lowest level in the past month. A 52-week high of $65.64 was reached on 07/18/23 after having rallying from a 52-week low of $28.82. Since the beginning of this year, TEX’s stock price has risen by 32.98% or $14.09, and marked a new high 30 times. However, the stock has declined by -13.45% since its 52-week high.
TEX stock investors should be aware that Terex Corporation (TEX) stock had its last reported insider trading activity 51 days ago on Jun 29. GARRISON JOHN L JR, the CHAIRMAN AND CEO of the company, disposed of 9,966 shares for $60.00 on Jun 29. It resulted in a $597,960 divestment by the insider. Hegarty Kieran sold 27,000 shares at an average price of $55.84 on Jun 08. The insider now owns 186,659 shares following the transaction. On May 03, President – Genie MEESTER SIMON sold 6,000 shares at $50.44 apiece. The transaction was valued at $302,640.
Valuation Metrics
Right now, Terex Corporation (TEX) has a P/E ratio of about 8.77. The stock’s beta is 1.68. Besides these, the trailing price-to-sales (P/S) ratio of 0.79, the price-to-book (PB) ratio of 2.68, and the price-to-cash flow ratio of 14.52 may also be considered.
The latest dividend of $0.17 per share was paid out, which is 13.33% more than last year’s $0.15. On Tuesday July 11 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Terex Corporation’s quick ratio stood at 1.00, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.51, and the total debt-to-equity ratio was 0.51. On the profitability front, the trailing twelve-month gross margin is 22.00% percent. In the year ended June 29, EBITDA margin amounted to 10.84%, whereas operating margins totaled 12.00%. Based on annual data, TEX earned $871.2 million in gross profit and brought in $4.42 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.10%. Return on equity (ROE) for the past 12 months was 36.10%.
In Terex Corporation’s quarter-end financial report for June 29, it reported total debt of $734.3 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TEX’s revenue rose 23.23% to $1.24 billion during the quarter, while net income inched up to $1.4 billion. While analysts expected Terex Corporation to report $1.66 quarterly earnings, the actual figure was $2.34 per share, beating the consensus estimate by 41.00%. During the quarter, the company generated $222.7 million in EBITDA. The liabilities of Terex Corporation were 1.98 billion at the end of its most recent quarter ended June 29, and its total debt was $736.7 million. The value of shareholders’ equity is $67.4 million.
Technical Picture
This quick technical analysis looks at Terex Corporation’s (TEX) price momentum. With a historical volatility rate of 11.44%, the RSI 9-day stood at 28.16% on 18 August.
With respect to its five-day moving average, the current Terex Corporation price is down by -6.38% percent or -$3.87. At present, TEX shares trade -7.61% below its 20-day simple moving average and +22.54% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.10% above its SMA50 and +40.13% above its SMA200.
Stochastic coefficient K was 10.78% and Stochastic coefficient D was 22.80%, while ATR was 2.08. Given the Stochastic reading of 10.76% for the 14-day period, the RSI (14) reading has been calculated as 37.75%. As of today, the MACD Oscillator reading stands at -2.38, while the 14-day reading stands at -3.52.
Analyst Ratings
Raymond James launched its rating on Terex Corporation (NYSE: TEX) to a Mkt perform in a note to investors on July 07, 2023. Terex Corporation (TEX) has been rated Overweight by analysts. According to 0 brokerage firms, TEX is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Terex Corporation stock as buy, with 7 recommending it as overweight.
With a median target price of $70.00, the current consensus forecast for the stock is $60.00 – $80.00. Based on these forecasts, analysts predict Terex Corporation (TEX) will achieve an average price target of $69.93.
