Ternium (NYSE:TX) Price Target Raised to $67.50

Ternium (NYSE:TX – Free Report) had its target price increased by JPMorgan Chase & Co. from $60.50 to $67.50 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the basic materials company’s stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company raised shares of Ternium from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $43.00 to $45.00 in a research report on Thursday, July 9th. UBS Group lifted their target price on shares of Ternium from $56.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. HSBC restated a “hold” rating and set a $55.00 price target (up from $53.00) on shares of Ternium in a report on Friday, August 21st. Bradesco Corretora raised shares of Ternium to an “outperform” rating and set a $62.00 price target on the stock in a research note on Tuesday, May 19th. Finally, Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.50.

Get Ternium alerts:

Read Our Latest Analysis on Ternium

Ternium Trading Up 0.0%

Shares of NYSE TX opened at $58.02 on Friday. 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 has a one year low of $33.01 and a one year high of $58.50. The business has a 50-day moving average price of $49.74 and a two-hundred day moving average price of $45.75. The firm has a market capitalization of $11.63 billion, a PE ratio of 16.30, a PEG ratio of 0.18 and a beta of 1.25.

Ternium (NYSE:TX – Get Free Report) last issued 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 for the quarter. Ternium had a return on equity of 4.26% and a net margin of 4.37%. As a group, analysts predict that Ternium will post 6.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TX. EverSource Wealth Advisors LLC boosted its holdings in Ternium by 49.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Parallel Advisors LLC increased its position in Ternium by 101.2% during the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Ternium during the fourth quarter valued at about $36,000. Advisory Services Network LLC bought a new position in Ternium during the third quarter valued at about $38,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Ternium by 142.1% in the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after buying an additional 736 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.

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.

See Also

• Five stocks we like better than Ternium
• AI Token Costs Are Changing the Hardware vs. Software Debate
• 3 ETFs That Could Move as Rate Expectations Shift
• 3 Stocks With September Catalysts Investors Shouldn’t Ignore
• Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains

Receive News & Ratings for Ternium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium and related companies with MarketBeat.com's FREE daily email newsletter.