Shares of Ternium S.A. (NYSE:TX – Get Free Report) have earned an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $49.50.
A number of research analysts have commented on the company. HSBC reaffirmed a “hold” rating and set a $55.00 price target (up from $53.00) on shares of Ternium in a research report on Friday. Wall Street Zen upgraded Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Wells Fargo & Company raised Ternium from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $43.00 to $45.00 in a research note on Thursday, July 9th. Zacks Research downgraded Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Finally, Bradesco Corretora raised Ternium to an “outperform” rating and set a $62.00 price target for the company in a research note on Tuesday, May 19th.
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Ternium Price Performance
TX stock opened at $55.11 on Tuesday. The firm’s 50-day moving average price is $47.97 and its two-hundred day moving average price is $44.98. Ternium has a 12-month low of $32.11 and a 12-month high of $58.24. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.18 and a beta of 1.25. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14.
Ternium (NYSE:TX – Get Free Report) last posted its earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share for the quarter. The company had revenue of $4.34 billion during the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. As a group, equities analysts predict that Ternium will post 6.07 earnings per share for the current year.
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.
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