Terex Corp (NYSE: TEX) stock closed at $58.39 on 12/14/23 after a major increase of 10.7%. Moreover, trading volume in this advance was unusually high at 167% of normal. The stock has risen 14.6% during the last week and 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 be above 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Terex has a neutral Appreciation Score of 60 but a good Power Rating of 83, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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