Ternium S.A. (NYSE:TX) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Ternium S.A. (NYSE:TX) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $54.50.

TX has been the subject of several research reports. Wells Fargo & Company upgraded shares of Ternium from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $43.00 to $45.00 in a report on Thursday, July 9th. Zacks Research upgraded Ternium from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 11th. UBS Group raised their price target on Ternium from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, HSBC reissued a “hold” rating and set a $55.00 target price (up from $53.00) on shares of Ternium in a research note on Friday, August 21st.

Ternium Price Performance

Shares of TX opened at $55.40 on Friday. Ternium has a 1-year low of $33.01 and a 1-year high of $58.73. The stock has a market cap of $11.11 billion, a PE ratio of 15.56, a P/E/G ratio of 0.16 and a beta of 1.25. The firm has a 50-day simple moving average of $53.83 and a two-hundred day simple moving average of $47.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.43.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share (EPS) for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The business had revenue of $4.34 billion for the quarter. As a group, analysts forecast that Ternium will post 6.54 EPS for the current year.

Institutional Trading of Ternium

Institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC grew its holdings in shares of 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 purchasing an additional 469,846 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in Ternium by 1.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock worth $145,452,000 after buying an additional 66,062 shares in the last quarter. Cape Ann Asset Management Ltd lifted its holdings in Ternium by 20.5% during the 4th quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock worth $40,812,000 after buying an additional 182,000 shares in the last quarter. Amundi boosted its position in Ternium by 19.9% in the 1st quarter. Amundi now owns 703,304 shares of the basic materials company’s stock valued at $28,238,000 after buying an additional 116,813 shares during the period. Finally, Nykredit A S purchased a new position in Ternium in the 2nd quarter valued at approximately $14,329,000. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Ternium Company Profile

Ternium SA (NYSE: TX) is a steel producer serving customers across the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, slabs, billets, hot- and cold-rolled steel, galvanized steel, tinplate, rebar and wire rod.

Its products are used in a variety of industries, including automotive manufacturing, construction, appliances, energy, machinery and transportation. Ternium operates an integrated production network with steelmaking, rolling, finishing and distribution facilities, allowing it to supply both commodity and value-added steel products.

Ternium has operations and commercial activities in countries including Mexico, Argentina, Brazil, Colombia, the United States and several other Latin American markets.