Ternium (NYSE:TX – Get Free Report) had its price objective decreased by research analysts at Wells Fargo & Company from $56.00 to $52.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 5.70% from the stock’s current price.
Several other research analysts have also commented on TX. UBS Group upped their price objective on shares of Ternium from $56.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Wall Street Zen raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. JPMorgan Chase & Co. boosted their price target on shares of Ternium from $60.50 to $67.50 and gave the company an “overweight” rating in a research report on Friday, September 4th. HSBC cut shares of Ternium from a “buy” rating to a “hold” rating and boosted their price target for the company from $53.00 to $55.00 in a research report on Friday, August 21st. Finally, Zacks Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ternium currently has a consensus rating of “Moderate Buy” and an average price target of $57.17.
View Our Latest Research Report on Ternium
Ternium Trading Up 1.1%
Shares of TX stock traded up $0.55 during trading hours on Thursday, reaching $49.19. The company’s stock had a trading volume of 954,600 shares, compared to its average volume of 454,152. 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 $35.12 and a one year high of $60.21. The stock has a market capitalization of $9.86 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.14 and a beta of 1.17. The firm’s fifty day simple moving average is $55.91 and its 200 day simple moving average is $47.81.
Ternium (NYSE:TX – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The basic materials company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.37). The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Ternium had a net margin of 4.37% and a return on equity of 4.26%. Ternium’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Equities research analysts expect that Ternium will post 6.38 EPS for the current year.
Hedge Funds Weigh In On Ternium
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of Ternium by 101.2% during the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after buying an additional 405 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Ternium in the 3rd quarter worth about $40,000. GAMMA Investing LLC increased its stake in shares of Ternium by 18.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,166 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 331 shares in the last quarter. Diversified Trust Co bought a new position in shares of Ternium in the 3rd quarter worth about $202,000. Finally, Janney Montgomery Scott LLC purchased a new position in Ternium during the 1st quarter valued at about $210,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.
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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