Ternium S.A. (NYSE:TX) Receives $46.35 Average Price Target from Analysts

Shares of Ternium S.A. (NYSE:TX – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $46.35.

A number of analysts have commented on TX shares. Scotiabank reiterated a “sector perform” rating and issued a $40.00 price objective on shares of Ternium in a report on Thursday, March 26th. Bradesco Corretora upgraded shares of Ternium to an “outperform” rating and set a $62.00 price target for the company in a report on Tuesday, May 19th. UBS Group raised their price target on shares of Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Ternium in a report on Wednesday, May 20th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $57.00 price target on shares of Ternium in a report on Friday, May 22nd.

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Institutional Trading of Ternium

A number of hedge funds and other institutional investors have recently made changes to their positions in TX. Allianz Asset Management GmbH increased its holdings in Ternium by 64.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 58,115 shares of the basic materials company’s stock valued at $2,018,000 after purchasing an additional 22,823 shares during the last quarter. Schroder Investment Management Group increased its holdings in Ternium by 4.7% in the 3rd quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock valued at $79,159,000 after purchasing an additional 101,748 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Ternium in the 3rd quarter valued at approximately $1,159,000. Prudential PLC increased its holdings in Ternium by 5.5% in the 3rd quarter. Prudential PLC now owns 717,593 shares of the basic materials company’s stock valued at $24,922,000 after purchasing an additional 37,408 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in Ternium by 17.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 118,482 shares of the basic materials company’s stock valued at $4,525,000 after purchasing an additional 17,461 shares during the last quarter. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Stock Down 3.5%

TX stock opened at $47.36 on Thursday. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 0.20 and a beta of 1.28. The company has a current ratio of 2.63, a quick ratio of 1.53 and a debt-to-equity ratio of 0.14. Ternium has a 12 month low of $28.76 and a 12 month high of $51.73. The firm has a 50-day moving average of $45.51 and a two-hundred day moving average of $42.25.

Ternium (NYSE:TX – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. The company had revenue of $3.93 billion during the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. As a group, analysts forecast that Ternium will post 4.73 earnings per share for the current fiscal year.

About Ternium

(Get Free Report)

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.

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