Is Terex the Right Industrial Sector Stock to Own to Ride the Economic Recovery?
Andrew Stolz
FEBRUARY 4, 2022
In 2019, Terex sold its crane business. The company started to reduce its long-term debt. In 3Q21, its net debt-to-equity ratio stood at 0.3x, compared to 0.6x The company is highly cyclical reflected in the above-average beta of 1.25x. Therefore, the management considered divestments of inefficient business.
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