Terex Corp (NYSE: TEX) has reported earnings for its second fiscal quarter (ending June 30) of $2.09 versus $2.36 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $7.38 compared to $6.56 a year ago.
Recent Price Action
On 7/30/24, Terex Corp (NYSE: TEX) stock declined slightly by -0.8%, closing at $65.70. Moreover, trading volume in this decline was unusually high at 150% of normal. The stock has performed in line with the market over the last nine months and has risen 4.9% during the last week.
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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Terex has a neutral Appreciation Score of 58 and a neutral Power Rating of 49, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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