Ternium S.A. (NYSE:TX) Stock Has Consensus Price Target of $57.17 According to Brokerages

Ternium S.A. (NYSE:TX – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat 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 twelve-month target price among analysts that have covered the stock in the last year is $57.17.

Several research firms have recently weighed in on TX. Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Weiss Ratings raised Ternium from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Scotiabank upped their target price on Ternium from $40.00 to $57.00 and gave the company a “sector perform” rating in a research report on Friday. Wells Fargo & Company decreased their target price on Ternium from $56.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, HSBC cut Ternium from a “buy” rating to a “hold” rating and raised their target price for the stock from $53.00 to $55.00 in a research note on Friday, August 21st.

View Our Latest Analysis on Ternium

Ternium Trading Up 1.1%

TX opened at $49.19 on Friday. Ternium has a twelve month low of $35.12 and a twelve month high of $60.21. The company has a fifty day moving average of $55.91 and a 200-day moving average of $47.81. The stock has a market cap of $9.86 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 0.14 and a beta of 1.17. The company has a quick ratio of 1.43, a current ratio of 2.56 and a debt-to-equity ratio of 0.15.

Ternium (NYSE:TX – Get Free Report) last released its earnings results on Tuesday, November 3rd. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.37). The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Ternium had a net margin of 5.74% and a return on equity of 5.77%. Ternium’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 EPS. On average, sell-side analysts predict that Ternium will post 6.41 EPS for the current year.

Ternium Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 20th. Stockholders of record on Monday, November 16th will be given a dividend of $0.90 per share. This represents a dividend yield of 349.0%. The ex-dividend date of this dividend is Monday, November 16th. Ternium’s dividend payout ratio is 53.28%.

Institutional Trading of Ternium

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TX. Diversified Trust Co acquired a new position in shares of Ternium during the third quarter valued at about $202,000. StoneX Group Inc. bought a new stake in shares of Ternium during the third quarter worth about $215,000. Arrow Investment Advisors LLC raised its holdings in shares of Ternium by 24.3% in the 3rd quarter. Arrow Investment Advisors LLC now owns 7,083 shares of the basic materials company’s stock worth $385,000 after acquiring an additional 1,386 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Ternium in the 3rd quarter worth about $40,000. Finally, Inspire Investing LLC bought a new position in Ternium in the 3rd quarter valued at about $2,329,000. 11.98% of the stock is owned by institutional investors.

About Ternium

(Get Free Report)

Ternium is a steel producer serving customers across the Americas. Its operations span the steelmaking process, from iron ore extraction and processing to the manufacture and distribution of steel products.

The company produces flat and long steel products, including slabs, hot- and cold-rolled steel, coated steel, tinplate, and bars. These materials are used in industries such as construction, automotive manufacturing, appliances, energy, and packaging.

Ternium’s roots include steel businesses in Argentina and Mexico, and it was established in 2005.

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Analyst Recommendations for Ternium (NYSE:TX)

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