Terex Corporation | TEX

Daily Technical Analysis of Terex Corporation

Geez, brutal day for Terex, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value.

Currently TEX isn't at a clear support/resistance line that seems tradable. Terex hasn't been looking too hot recently, some shareholders have been dumping shares over the last few months which has been driving prices down. In the past 3 months, the Farm & Construction Machinery company has lost -21.72 of it's value. So it's not looking great, I'd probably wait for a clearer support level before coming in. TEX might find some support at the 65.38 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Terex By Price Target And Rating

The analysts are pretty neutral on Terex right now, so not much useful information here. The current Analysts Sentiment Score is -0.94. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-02-13 The Goldman Sachs Group increased their price target by 13.46% to $59.00. UBS Group downgraded from Buy to Neutral on 2024-02-13 but also increased their price target by 1.64% to $62.00. On 2024-02-12 Citigroup increased their price target by 16.67% to $63.00. Bank of America announced that they are reiterating a rating of Neutral on 2024-01-19 and added a price target of $57.00. Jefferies Financial Group downgraded from Buy to Hold on 2023-12-20 and they lowered their price target by -13.7% to $63.00 from a previous target of $73.00. On 2023-10-18 Barclays lowered their price target by -9.09% to $60.00. JPMorgan Chase & Co. provided a price target decease of -12.5% to $63.00 from $72.00 on 2023-10-16. Wells Fargo & Company boosted their price targ by 12.12% to $74.00 on 2023-08-03. KeyCorp provided a price target boost of 11.11% to $80.00 from $72.00 on 2023-08-03. Robert W. Baird provided a price target boost of 14.04% to $65.00 from $57.00 on 2023-08-02.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Terex

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Terex

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.