Ternium S.A. (NYSE:TX) Receives $36.06 Average Target Price from Analysts

Ternium S.A. (NYSE:TX) has been given an average rating of “Hold” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $36.0625.

A number of equities analysts have commented on TX shares. JPMorgan Chase & Co. lifted their price objective on shares of Ternium from $39.00 to $40.50 and gave the stock an “overweight” rating in a report on Friday, October 17th. Wells Fargo & Company lifted their price target on shares of Ternium from $30.00 to $34.00 and gave the company an “underweight” rating in a report on Wednesday, January 21st. HSBC set a $41.00 price objective on shares of Ternium and gave the company a “buy” rating in a research report on Friday, October 17th. UBS Group raised their target price on shares of Ternium from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, December 15th. Finally, Wall Street Zen downgraded Ternium from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Ternium by 49.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after buying an additional 232 shares during the last quarter. Camelot Portfolios LLC bought a new position in shares of Ternium during the fourth quarter worth about $38,000. Deprince Race & Zollo Inc. increased its holdings in shares of Ternium by 17.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 118,482 shares of the basic materials company’s stock worth $4,525,000 after acquiring an additional 17,461 shares during the period. SG Americas Securities LLC bought a new stake in Ternium in the 4th quarter valued at about $736,000. Finally, GAMMA Investing LLC boosted its stake in Ternium by 56.4% during the 4th quarter. GAMMA Investing LLC now owns 1,659 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 598 shares during the period. 11.98% of the stock is currently owned by institutional investors.

Ternium Stock Up 0.8%

Shares of Ternium stock opened at $43.46 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $40.15 and a 200 day moving average price of $36.51. Ternium has a fifty-two week low of $24.00 and a fifty-two week high of $44.95. The firm has a market cap of $8.71 billion, a P/E ratio of 14.63 and a beta of 1.34.

Ternium Company Profile

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.