Ternium (NYSE:TX) has been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $41.67.
A number of analysts recently commented on TX shares. Scotiabank reiterated a “buy” rating and set a $47.00 price target on shares of Ternium in a report on Friday, April 20th. ValuEngine lowered Ternium from a “strong-buy” rating to a “buy” rating in a report on Monday, April 23rd. Credit Suisse Group upgraded Ternium from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 15th. Finally, Zacks Investment Research upgraded Ternium from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a report on Wednesday, April 25th.
A number of institutional investors have recently modified their holdings of TX. Atria Investments LLC increased its position in Ternium by 22.5% in the fourth quarter. Atria Investments LLC now owns 9,952 shares of the basic materials company’s stock worth $314,000 after buying an additional 1,825 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Ternium by 412.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 83,857 shares of the basic materials company’s stock worth $2,650,000 after buying an additional 67,498 shares during the last quarter. Diversified Trust Co purchased a new stake in Ternium in the fourth quarter worth $200,000. Deprince Race & Zollo Inc. increased its position in Ternium by 84.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 78,540 shares of the basic materials company’s stock worth $2,481,000 after buying an additional 35,860 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new stake in Ternium in the fourth quarter worth $221,000. Institutional investors and hedge funds own 17.57% of the company’s stock.
Shares of Ternium traded down $1.00, reaching $39.81, during trading hours on Friday, Marketbeat reports. The company had a trading volume of 256,421 shares, compared to its average volume of 431,075. Ternium has a 12 month low of $24.60 and a 12 month high of $42.43. The company has a quick ratio of 0.70, a current ratio of 1.65 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $7.98 billion, a PE ratio of 8.83 and a beta of 1.09.
Ternium (NYSE:TX) last posted its earnings results on Wednesday, April 25th. The basic materials company reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.70. Ternium had a return on equity of 16.99% and a net margin of 9.47%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the company earned $1.33 earnings per share. The company’s revenue for the quarter was up 42.7% on a year-over-year basis. equities research analysts anticipate that Ternium will post 6.13 earnings per share for the current fiscal year.
The firm also recently declared an annual dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, May 7th were issued a dividend of $1.10 per share. This is a positive change from Ternium’s previous annual dividend of $0.90. This represents a yield of 3.28%. The ex-dividend date was Friday, May 4th. Ternium’s dividend payout ratio (DPR) is 24.39%.
Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.
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