Ternium S.A. (NYSE:TX) Receives $39.79 Consensus Price Target from Brokerages

Shares of Ternium S.A. (NYSE:TX) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $40.9375.

TX has been the topic of a number of recent research reports. Bank of America raised Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Monday, April 13th. Scotiabank reissued a “sector perform” rating and set a $40.00 price target on shares of Ternium in a research note on Thursday, March 26th. Wells Fargo & Company reissued an “underweight” rating and set a $36.00 price target on shares of Ternium in a research note on Wednesday, April 15th. The Goldman Sachs Group reissued a “buy” rating and set a $49.00 price target on shares of Ternium in a research note on Friday. Finally, UBS Group lifted their price target on Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd.

Ternium Stock Performance

NYSE:TX opened at $43.19 on Wednesday. The stock’s 50-day simple moving average is $40.99 and its 200 day simple moving average is $39.49. The firm has a market capitalization of $8.66 billion, a PE ratio of 19.99 and a beta of 1.27. The company has a quick ratio of 1.45, a current ratio of 2.49 and a debt-to-equity ratio of 0.12. Ternium has a twelve month low of $27.12 and a twelve month high of $45.57.

Ternium (NYSE:TX) last released its quarterly earnings data on Saturday, February 14th. The basic materials company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.15). The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.81 billion. Ternium had a net margin of 2.72% and a return on equity of 3.06%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the business earned ($0.42) earnings per share. On average, analysts anticipate that Ternium will post 4.18 EPS for the current fiscal year.

Ternium Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.90 per share. This represents a dividend yield of 413.0%. The ex-dividend date of this dividend is Thursday, May 14th. Ternium’s dividend payout ratio (DPR) is presently 83.33%.

Institutional Trading of Ternium

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Ternium by 49.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Ternium in the fourth quarter worth approximately $36,000. Camelot Portfolios LLC acquired a new position in shares of Ternium in the fourth quarter worth approximately $38,000. GAMMA Investing LLC lifted its stake in shares of Ternium by 40.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 303 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Ternium in the third quarter worth approximately $38,000. 11.98% of the stock is owned by institutional investors and hedge funds.

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.