Ternium S.A. (NYSE:TX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Ternium S.A. (NYSE:TXGet 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.

Get Our Latest Stock Analysis on Ternium

Institutional Investors Weigh In On Ternium

Several institutional investors and hedge funds have recently modified their holdings of TX. EverSource Wealth Advisors LLC boosted its stake in shares of Ternium by 49.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. Parallel Advisors LLC raised its stake in Ternium by 101.2% in 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 in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Ternium in the fourth quarter worth about $36,000. Camelot Portfolios LLC purchased a new stake in Ternium in the fourth quarter worth about $38,000. Finally, Advisory Services Network LLC bought a new stake in Ternium during the 3rd quarter valued at approximately $38,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

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:TXGet 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

(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.

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Analyst Recommendations for Ternium (NYSE:TX)

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