Ternium (NYSE:TX) Raised to “Strong-Buy” at Zacks Research

Ternium (NYSE:TX) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Company increased their price objective on Ternium from $36.00 to $43.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $57.00 target price on shares of Ternium in a research report on Friday, May 22nd. Bank of America raised Ternium from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Monday, April 13th. Finally, UBS Group raised their target price on Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.35.

Ternium Trading Down 3.5%

Ternium stock opened at $47.36 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.63 and a quick ratio of 1.53. Ternium has a one year low of $28.76 and a one year high of $51.73. The stock has a market capitalization of $9.49 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 0.20 and a beta of 1.28. The business’s fifty day moving average is $45.51 and its 200 day moving average is $42.25.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%.The company had revenue of $3.93 billion for the quarter. On average, sell-side analysts predict that Ternium will post 4.73 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its position in Ternium by 69.4% in the first quarter. Empowered Funds LLC now owns 161,171 shares of the basic materials company’s stock worth $6,471,000 after purchasing an additional 66,042 shares during the last quarter. Militia Capital Management LLC purchased a new position in Ternium in the first quarter worth about $1,486,000. Parallel Advisors LLC boosted its position in Ternium by 101.3% in the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in Ternium in the first quarter worth about $264,000. Finally, Amundi boosted its position in Ternium by 19.9% in the first quarter. Amundi now owns 703,304 shares of the basic materials company’s stock worth $28,238,000 after purchasing an additional 116,813 shares during the last quarter. 11.98% of the stock is owned by hedge funds and other institutional investors.

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.