Why Terex Corporation (NYSE:TEX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $22.95 on Terex Corporation (NYSE:TEX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.96 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Terex Corporation (NYSE:TEX) stands at 49.13.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Terex Corporation Common Stock, the PEG ratio for coming 3-5 years is -1.11.

Technical Analysis

The technical analysis highlights that Terex Corporation Common Stock current is trading $2.47 points away or +11.35% from its 50-day moving average of $21.80. Further it is trading $1.78 or +7.93% away its 200-day moving average of $22.49.

The 52-week high of Terex Corporation (NYSE:TEX) was $27.11 while lowest point recorded in 52-week was $13.62. It implies if stock price makes a movement of over $-2.84, it will record a new 52-week high. In the case of +78.19% drop, it will touch a new 52-week low.

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