Analysts Set Ternium S.A. (NYSE:TX) Target Price at $35.94

Shares of Ternium S.A. (NYSE:TX) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $35.9375.

Several brokerages have recently commented on TX. Wells Fargo & Company reduced their price target on shares of Ternium from $34.00 to $33.00 and set an “underweight” rating on the stock in a research report on Thursday, February 19th. UBS Group increased their target price on Ternium from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, December 15th. Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings raised Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 20th.

Ternium Stock Performance

Shares of TX opened at $40.07 on Tuesday. Ternium has a 52-week low of $24.00 and a 52-week high of $45.57. The company has a quick ratio of 1.45, a current ratio of 2.49 and a debt-to-equity ratio of 0.12. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 18.55 and a beta of 1.32. The business’s 50 day moving average is $42.13 and its two-hundred day moving average is $37.96.

Ternium (NYSE:TX) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.15). Ternium had a net margin of 2.72% and a return on equity of 3.06%. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the company earned ($0.42) earnings per share. The company’s revenue was down 2.6% on a year-over-year basis. Analysts forecast that Ternium will post 4.37 EPS for the current fiscal year.

Ternium Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, May 14th will be given a $0.90 dividend. This represents a dividend yield of 413.0%. The ex-dividend date is Thursday, May 14th. Ternium’s dividend payout ratio (DPR) is presently 83.33%.

Institutional Investors Weigh In On Ternium

Several institutional investors and hedge funds have recently bought and sold shares of TX. EverSource Wealth Advisors LLC lifted its holdings in Ternium by 49.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 232 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Ternium in the 4th quarter worth approximately $36,000. Camelot Portfolios LLC acquired a new position in Ternium during the 4th quarter valued at approximately $38,000. GAMMA Investing LLC boosted its position in Ternium by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 303 shares during the period. Finally, Advisory Services Network LLC bought a new position in Ternium during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

About Ternium

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.