Terex Corp (NYSE: TEX) stock enjoyed a major increase of 11.0% on 7/22/24. The shares closed at $62.65. Moreover, exceptionally high trading volume at 315% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 14.7% 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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Terex has a neutral Power Rating of 52 and a slightly positive Appreciation Score of 65, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment