Analysts Set Ternium S.A. (NYSE:TX) Target Price at $46.35

Shares of Ternium S.A. (NYSE:TX) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $46.55.

A number of equities analysts recently commented on the company. Scotiabank restated a “sector perform” rating and set a $40.00 target price on shares of Ternium in a report on Thursday, March 26th. Zacks Research upgraded shares of Ternium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. The Goldman Sachs Group reissued a “buy” rating and set a $57.00 price objective on shares of Ternium in a research report on Friday, May 22nd. Wall Street Zen lowered shares of Ternium from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Bank of America raised shares of Ternium from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Monday, April 13th.

Ternium Trading Up 1.8%

TX stock opened at $44.22 on Monday. The company has a fifty day moving average price of $46.01 and a two-hundred day moving average price of $42.93. Ternium has a one year low of $29.98 and a one year high of $51.73. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 0.13 and a beta of 1.29. 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 (NYSE:TX) last posted its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. The company had revenue of $3.93 billion during the quarter. Equities analysts anticipate that Ternium will post 6.13 EPS for the current year.

Institutional Investors Weigh In On Ternium

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in Ternium by 8.0% during 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 last quarter. Cape Ann Asset Management Ltd boosted its position in shares of Ternium by 20.5% during 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 last quarter. Amundi grew its stake in shares of 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 acquiring an additional 116,813 shares during the period. Millennium Management LLC lifted its holdings in shares of Ternium by 569.4% during the 1st quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock valued at $3,952,000 after buying an additional 107,880 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Ternium by 4.7% during the 3rd 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. 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.