Terex Corp (NYSE: TEX) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and the stock rose on very heavy volume.
Terex Corp (NYSE: TEX). Small positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Terex has a neutral Power Rating of 55 and a slightly positive Appreciation Score of 66, resulting in the High Neutral Value Trend Rating.
Recent Price Action
On 7/16/24, Terex Corp (NYSE: TEX) stock enjoyed a very large increase of 8.5%, closing at $60.43. Moreover, trading volume in this advance was exceptionally high at 238% of normal. Relative to the market the stock has been strong over the last nine months and has risen 13.6% during the last week.
Be the first to comment