Terex Corp [NYSE: TEX] surged by $0.01 during the normal trading session on while it closed the day at $45.30.
Terex Corp stock has also loss -4.21% of its value over the past 7 days. However, TEX stock has declined by -12.58% in the 3 months of the year. Over the past six months meanwhile, it has lost -14.88% and lost -21.16% year-on date.
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The market cap for TEX stock reached $3.03 billion, with 66.00 million shares outstanding and 65.11 million shares in the current float. Compared to the average trading volume of 761.79K shares, TEX reached a trading volume of 290079 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Terex Corp [TEX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TEX shares is $55.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TEX stock is a recommendation set at 2.93. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Terex Corp shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 28, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on June 26, 2024, representing the official price target for Terex Corp stock. Previously, the target price had yet another raise to $63, while JP Morgan analysts kept a Neutral rating on TEX stock.
The Average True Range (ATR) for Terex Corp is set at 1.67, with the Price to Sales ratio for TEX stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 1.53, with the Price to Cash per share for the same quarter was set at 5.27. Price to Free Cash Flow for TEX in the course of the last twelve months was 15.43 with Quick ratio for the last quarter at 1.16.
TEX stock trade performance evaluation
Terex Corp [TEX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.21. With this latest performance, TEX shares dropped by -15.80% in over the last four-week period, additionally sinking by -14.88% over the last 6 months – not to mention a drop of -21.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TEX stock in for the last two-week period is set at 26.29, with the RSI for the last a single of trading hit 18.08, and the three-weeks RSI is set at 32.24 for Terex Corp [TEX]. The present Moving Average for the last 50 days of trading for this stock 52.51, while it was recorded at 45.33 for the last single week of trading, and 56.08 for the last 200 days.
Terex Corp [TEX]: An insightful look at the core fundamentals
Terex Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.16 and a Current Ratio set at 2.39.
Earnings per share (EPS) analysis for Terex Corp [TEX] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TEX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Terex Corp go to -1.49%.
Terex Corp [TEX]: Institutional Ownership
There are presently around $98.49%, or 100.81%% of TEX stock, in the hands of institutional investors. The top three institutional holders of TEX stocks are: BLACKROCK INC. with ownership of 9.0 million shares, which is approximately 13.427%. FMR LLC, holding 8.23 million shares of the stock with an approximate value of $$451.24 million in TEX stocks shares; and FMR LLC, currently with $$401.62 million in TEX stock with ownership which is approximately 10.9306%.
