Ternium S.A. (NYSE:TX) Receives $41.81 Average PT from Analysts

Shares of Ternium S.A. (NYSE:TX) have received an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $44.0556.

Several research analysts recently commented on the company. Bank of America raised Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Monday, April 13th. Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Scotiabank reissued a “sector perform” rating and set a $40.00 price target on shares of Ternium in a research report on Thursday, March 26th. Zacks Research cut Ternium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $49.00 price objective on shares of Ternium in a research note on Friday, April 24th.

Ternium Stock Performance

Shares of NYSE TX opened at $44.82 on Friday. The stock has a 50 day moving average price of $41.76 and a 200 day moving average price of $40.54. Ternium has a 52 week low of $27.12 and a 52 week high of $49.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.63. The stock has a market capitalization of $8.99 billion, a PE ratio of 15.40 and a beta of 1.26.

Ternium (NYSE:TX) last issued its quarterly earnings results 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 firm had revenue of $3.93 billion during the quarter. Analysts predict that Ternium will post 4.04 earnings per share for the current fiscal year.

Institutional Trading of Ternium

Several institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC raised its stake in Ternium by 8.0% in the first quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company’s stock valued at $254,395,000 after buying an additional 469,846 shares during the period. Donald Smith & CO. Inc. raised its stake in Ternium by 1.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock valued at $145,452,000 after buying an additional 66,062 shares during the period. Schroder Investment Management Group raised its stake in Ternium by 4.7% in the third quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock valued at $79,159,000 after buying an additional 101,748 shares during the period. Cape Ann Asset Management Ltd raised its stake in Ternium by 20.5% in the fourth quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock valued at $40,812,000 after buying an additional 182,000 shares during the period. Finally, Prudential PLC raised its stake in Ternium by 5.5% in the third quarter. Prudential PLC now owns 717,593 shares of the basic materials company’s stock valued at $24,922,000 after buying an additional 37,408 shares during the period. Institutional investors own 11.98% of the company’s stock.

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.