Ternium (NYSE:TX) Reaches New 12-Month High – Still a Buy?

Ternium S.A. (NYSE:TX)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $44.62 and last traded at $44.17, with a volume of 233554 shares traded. The stock had previously closed at $42.98.

Analysts Set New Price Targets

Several equities analysts have commented on TX shares. JPMorgan Chase & Co. lifted their target price on shares of Ternium from $39.00 to $40.50 and gave the stock an “overweight” rating in a research report on Friday, October 17th. HSBC set a $41.00 price target on Ternium and gave the stock a “buy” rating in a report on Friday, October 17th. Zacks Research downgraded Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Wells Fargo & Company lifted their target price on Ternium from $30.00 to $34.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 21st. Finally, UBS Group boosted their price target on shares of Ternium from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.06.

Ternium Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.42 and a current ratio of 2.46. The firm has a market capitalization of $8.85 billion, a PE ratio of 14.87 and a beta of 1.34. The business’s 50 day moving average is $39.74 and its two-hundred day moving average is $36.26.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Ternium by 40.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock worth $37,000 after buying an additional 303 shares in the last quarter. Camelot Portfolios LLC bought a new position in shares of Ternium during the 4th quarter valued at $38,000. Advisory Services Network LLC purchased a new position in shares of Ternium in the third quarter worth about $38,000. JPMorgan Chase & Co. increased its stake in Ternium by 142.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 736 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Ternium by 17.5% in the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock worth $78,000 after buying an additional 335 shares during the period. 11.98% of the stock is owned by 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.