Why Terex (TEX) is a Top Value Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Terex (TEX)
Incorporated in 1986, Terex Corporation is a global manufacturer of aerial work platforms, materials processing machinery and cranes. It designs, build and support products used in construction, maintenance, manufacturing, energy, minerals and materials management applications.
TEX is a Zacks Rank #1 (Strong Buy) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 9.5X for the current fiscal year compared to the Manufacturing - Construction and Mining industry's P/E of 12.2X. Additionally, TEX has a PEG Ratio of 0.5 and a Price/Cash Flow ratio of 11.1X. Value investors should also note TEX's Price/Sales ratio of 0.8X.
Many value investors pay close attention to a company's earnings as well. For TEX, nine analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.07 to $5.97 per share for 2023. Per share TEX boasts an average earnings surprise of 27.1%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding TEX to their portfolios.
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Terex Corporation (TEX) : Free Stock Analysis Report
