Shares of Ternium S.A. (NYSE:TX – Get Free Report) have received a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $46.35.
Several analysts have recently commented on TX shares. Zacks Research upgraded shares of Ternium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. 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. Bank of America raised Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Monday, April 13th. The Goldman Sachs Group restated a “buy” rating and set a $57.00 target price on shares of Ternium in a research report on Friday, May 22nd. Finally, Itau BBA Securities raised shares of Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a research note on Sunday, May 24th.
Check Out Our Latest Analysis on TX
Ternium Stock Down 0.0%
Ternium (NYSE:TX – Get Free Report) last issued its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. The business 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%. On average, equities research analysts anticipate that Ternium will post 6.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in TX. Empowered Funds LLC boosted its stake in shares of Ternium by 69.4% during the 1st quarter. Empowered Funds LLC now owns 161,171 shares of the basic materials company’s stock worth $6,471,000 after acquiring an additional 66,042 shares in the last quarter. Militia Capital Management LLC purchased a new position in Ternium in the 1st quarter valued at approximately $1,486,000. Parallel Advisors LLC grew its holdings in Ternium by 101.2% in the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in Ternium in the first quarter valued at $264,000. Finally, Amundi increased its position in shares of Ternium by 19.9% in the first quarter. Amundi now owns 703,304 shares of the basic materials company’s stock valued at $28,238,000 after buying an additional 116,813 shares in the last quarter. 11.98% of the stock is owned by hedge funds and other institutional investors.
Ternium Company Profile
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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