Ternium S.A. (NYSE:TX) Receives $35.56 Consensus Target Price from Brokerages

Shares of Ternium S.A. (NYSE:TX) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $35.5625.

A number of analysts recently weighed in on TX shares. Hsbc Global Res upgraded Ternium to a “strong-buy” rating in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ternium in a research report on Wednesday, October 8th. Wall Street Zen cut Ternium from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research upgraded shares of Ternium from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Finally, HSBC set a $41.00 target price on Ternium and gave the stock a “buy” rating in a research note on Friday, October 17th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TX. GAMMA Investing LLC increased its holdings in Ternium by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 303 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Ternium in the third quarter worth $38,000. JPMorgan Chase & Co. lifted its holdings in Ternium by 142.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock valued at $44,000 after buying an additional 736 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 valued at $78,000 after purchasing an additional 335 shares during the period. Finally, State of Wyoming bought a new position in shares of Ternium during the 2nd quarter worth $119,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Trading Down 0.4%

NYSE:TX opened at $41.74 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 1.42. The firm has a 50-day moving average of $38.04 and a 200-day moving average of $35.30. Ternium has a one year low of $24.00 and a one year high of $42.30. The company has a market cap of $8.37 billion, a PE ratio of 14.05 and a beta of 1.36.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.68). Ternium had a net margin of 3.72% and a return on equity of 1.89%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the company posted $0.16 EPS. Ternium’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, equities research analysts expect that Ternium will post 4.37 EPS for the current fiscal year.

Ternium Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were paid a $0.90 dividend. This represents a dividend yield of 503.0%. The ex-dividend date was Monday, November 10th. Ternium’s dividend payout ratio is 60.61%.

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.