How to Buy Terex Stock
Terex Corp
Terex is a agriculture company located in Connecticut, United States, which is part of the Industrials sector, and is traded under the ticker TEX on the NYSE exchange.
Terex stock last closed at $61.00, up 0.44% from the previous day, and has increased 31.61% in one year. It has overperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.15 percentage points. Terex stock is currently +43.53% from its 52-week low of $42.50, and -7.42% from its 52-week high of $65.89.
At the moment, there are 67M TEX shares outstanding. The market cap of TEX is $4.09B. In the last 24 hours, 741,319 TEX shares were traded.
How to Buy Terex Stock
Wondering how to invest in Terex stock? Here's how.
- Figure out where to buy Terex stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Terex stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your method of payment and add your details.
- Evaluate Terex stock: The Terex ticker symbol is TEX. Is Terex stock a good investment? Should you buy shares of TEX? How do TEX's underlying business fundamentals look? Do top analysts think Terex is a good buy? Why has TEX's stock price moved recently? (Hint: Our stock research tools can help you figure out if TEX is a good stock to buy).
- Make your TEX trade: Decide if you will purchase TEX shares at the current market price or use a limit order to buy TEX shares at a specific price.
- Get notifications regarding your TEX position: Create a watchlist to important notifications about your position in Terex shares.
Step 1: Figure out where to buy Terex stock
You will need an online brokerage account in order to access the NYSE market and buy TEX shares.
Our recommended brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal info so you are able to invest in TEX stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on the best beginner stock app, you need to deposit funds:
Check out the video below for more details depositing money into your new brokerage account.
Step 4: Evaluate Terex stock
After you have chosen the best place to buy Terex stock, it's important to evaluate their stock before you buy, so you can understand the risk as well as the upside.
Terex stock quick numbers
TEX Fundamentals
WallStreetZen was built to help average investors do more accurate fundamental analysis.
You can view all of the due diligence checks on TEX's stock page.
How is TEX stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge TEX's true value.
Using relative valuations methods:
- TEX could be undervalued based on its P/E ratio of 7.95x, relative to Farm & Heavy Construction Machinery industry P/E ratio of 14.43x
- TEX may be undervalued based on its P/B ratio of 2.44x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.9x
You can access more valuation analysis on TEX's stock here.
TEX Financial Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the TEX balance sheet.
- There are more short-term assets than long-term liabilities on the TEX balance sheet.
- TEX earnings of $644.30M is not sufficient to cover its interest payments.
- TEX profit margin has gone up from 6.8% to 10.1% in the past year.
- Total TEX debt is lower than 5 years ago, relative to shareholder equity.
- TEX's operating cash flow of $459.30M allows it to safely service it's debt of $623.20M.
Negative Health Checks:
- TEX has a relatively high debt to equity ratio of 1.16.
Do analysts think it's a good time to buy Terex stock
Out of 8 Wall Street analysts who monitor TEX, the consensus analyst rating on TEX is a Hold
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest TEX Analyst Recommendations
Timothy Thein, a top 5% analyst from Citigroup maintains TEX with a hold rating and raises their TEX price target from $54.00 to $63.00, on Feb 12, 2024.
Michael Feniger, a top 41% analyst from Bank of America downgrades TEX to a sell rating and announces their TEX price target of $57.00, on Jan 19, 2024.
Stephen Volkmann, a top 14% analyst from Jefferies downgrades TEX to a hold rating and lowers their TEX price target from $73.00 to $63.00, on Dec 20, 2023.
You can dive deeper into what analysts are projecting on the Terex stock forecast page.
TEX Momentum
TEX Growth Metrics
Last year, TEX earnings were $518.00M. In the last 5 year, TEX's earnings have grown by 38.41% per year. This was faster than the Farm & Heavy Construction Machinery industry average of 19.06%.
Last year, TEX revenue was $5.15B. Over the last 5 year, TEX's revenue has gone up by 2.66% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 6.45%.
You can analyze TEX's earnings and revenue performance here.
Are TEX insiders buying or selling the stock?
In the last 12 months, executives and large shareholders at TEX have sold more shares than they have bought.
Julie A. Beck, Senior Vice President CFO of TEX, was the latest TEX insider to buy. They bought $96,497.46 worth of TEX shares on Apr 4, 2024.
Research more about who owns TEX stock here.
Does TEX provide a stable income stream?
Terex pays a dividend of 1.08%, compared to the Farm & Heavy Construction Machinery industry's average dividend yield of 2.69%. If you owned $1,000 worth of TEX stock, you would have received $10.82 last year.
Terex dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Terex dividend yield and history here.
What do other traders have to say about TEX?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your TEX trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, use a limit order.
Press the Open button and your broker will place the order.
If you need more assistance buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your TEX position
Now that you own some TEX stock, you'll want to keep up with your new shares.
Create a watchlist to keep track of your TEX stock.
TEX Feed
How to Buy Stock in Terex
To reiterate, here are the 6 steps for buying Terex stock:
- Figure out where to buy Terex stock
- Open a brokerage account
- Fund your investment account
- Evaluate Terex stock
- Make your TEX trade
- Get notifications regarding your TEX position
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep track of your investment in Terex, click below.
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