Shares of Ternium S.A. (NYSE:TX – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $55.72.
TX has been the subject of several research reports. Wells Fargo & Company increased their price target on shares of Ternium from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. boosted their price objective on shares of Ternium from $60.50 to $67.50 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Wall Street Zen upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of Ternium from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th.
Check Out Our Latest Report on TX
Institutional Trading of Ternium
A number of hedge funds have recently made changes to their positions in TX. Robeco Institutional Asset Management B.V. grew its stake in shares of Ternium by 9.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 472,046 shares of the basic materials company’s stock worth $25,632,000 after buying an additional 41,561 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in Ternium by 896.2% during the third quarter. TD Waterhouse Canada Inc. now owns 11,815 shares of the basic materials company’s stock valued at $653,000 after buying an additional 10,629 shares during the last quarter. GAMMA Investing LLC raised its stake in Ternium by 14.9% during the third quarter. GAMMA Investing LLC now owns 2,489 shares of the basic materials company’s stock valued at $135,000 after buying an additional 323 shares during the last quarter. Engineers Gate Manager LP raised its stake in Ternium by 496.8% during the second quarter. Engineers Gate Manager LP now owns 56,337 shares of the basic materials company’s stock valued at $2,406,000 after buying an additional 46,897 shares during the last quarter. Finally, Nykredit A S bought a new stake in Ternium in the second quarter worth $10,564,000. 11.98% of the stock is owned by institutional investors.
Ternium Trading Up 2.7%
NYSE TX opened at $59.75 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. Ternium has a twelve month low of $33.01 and a twelve month high of $60.21. The firm has a market capitalization of $11.98 billion, a PE ratio of 16.78, a P/E/G ratio of 0.17 and a beta of 1.17. The stock’s 50 day moving average is $56.34 and its 200 day moving average is $49.47.
Ternium (NYSE:TX – Get Free Report) last issued its quarterly 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%. Research analysts forecast that Ternium will post 6.49 earnings per share for the current fiscal year.
About Ternium
Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.
Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.
The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.
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