Ternium S.A. (NYSE:TX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ternium S.A. (NYSE:TX) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $46.35.

TX has been the subject of a number of analyst reports. Scotiabank reaffirmed a “sector perform” rating and set a $40.00 price objective on shares of Ternium in a report on Thursday, March 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of Ternium in a report on Friday, May 22nd. Wells Fargo & Company raised their price objective on shares of Ternium from $36.00 to $43.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. UBS Group raised their price objective on shares of Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Finally, Itau BBA Securities raised shares of Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price objective for the company in a report on Sunday, May 24th.

Hedge Funds Weigh In On Ternium

Institutional investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its holdings in Ternium by 64.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 58,115 shares of the basic materials company’s stock valued at $2,018,000 after purchasing an additional 22,823 shares during the last quarter. Schroder Investment Management Group lifted its holdings in 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 purchasing an additional 101,748 shares during the last quarter. Advisors Preferred LLC bought a new position in Ternium during the 3rd quarter valued at about $1,159,000. Prudential PLC lifted its holdings in Ternium by 5.5% during the 3rd quarter. Prudential PLC now owns 717,593 shares of the basic materials company’s stock valued at $24,922,000 after purchasing an additional 37,408 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in Ternium by 17.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 118,482 shares of the basic materials company’s stock valued at $4,525,000 after purchasing an additional 17,461 shares during the last quarter. 11.98% of the stock is owned by institutional investors.

Ternium Stock Performance

NYSE TX opened at $47.20 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.63 and a quick ratio of 1.53. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 0.19 and a beta of 1.28. The company’s fifty day moving average is $44.63 and its two-hundred day moving average is $41.79. Ternium has a 52-week low of $28.56 and a 52-week high of $51.73.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. The company had revenue of $3.93 billion for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. Equities research analysts forecast that Ternium will post 4.73 EPS for the current year.

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.