Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Terex Corp (NYSE: TEX) improved during the last several trading days. TEX’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Terex Corp (NYSE: TEX) stock closed at $52.89 on 6/14/24 after a decline of -3.4%. Moreover, this decline was accompanied by unusually high trading volume at 155% of normal. The stock has declined -7.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
TEX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Terex has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Terex has a neutral Power Rating of 58 and a slightly positive Appreciation Score of 65, resulting in the Positive Value Trend Rating.
Be the first to comment