ValuEngine cut shares of Ternium (NYSE:TX) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.

Other equities analysts also recently issued reports about the stock. Scotiabank reissued a buy rating and set a $47.00 target price on shares of Ternium in a research report on Friday, April 20th. Zacks Investment Research downgraded Ternium from a buy rating to a hold rating in a research report on Sunday, July 15th. Credit Suisse Group raised Ternium from a neutral rating to an outperform rating in a research report on Tuesday, May 15th. Finally, Bank of America reaffirmed an underperform rating and issued a $32.00 price target on shares of Ternium in a research report on Thursday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $40.67.

Ternium stock opened at $28.24 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.67 and a current ratio of 1.60. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 6.26 and a beta of 1.12. Ternium has a one year low of $26.36 and a one year high of $42.43.

Ternium (NYSE:TX) last posted its earnings results on Tuesday, July 31st. The basic materials company reported $1.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.83 by ($0.13). The business had revenue of $3.13 billion for the quarter. Ternium had a return on equity of 17.93% and a net margin of 9.42%. sell-side analysts predict that Ternium will post 6.29 EPS for the current fiscal year.

Several large investors have recently modified their holdings of TX. Acadian Asset Management LLC acquired a new stake in shares of Ternium in the second quarter valued at about $206,778,000. Royal Bank of Canada grew its position in shares of Ternium by 564.2% in the first quarter. Royal Bank of Canada now owns 2,058,442 shares of the basic materials company’s stock valued at $66,879,000 after purchasing an additional 1,748,534 shares during the last quarter. Compass Group LLC grew its position in shares of Ternium by 129.3% in the second quarter. Compass Group LLC now owns 959,835 shares of the basic materials company’s stock valued at $33,402,000 after purchasing an additional 541,267 shares during the last quarter. Millennium Management LLC grew its position in shares of Ternium by 247.1% in the second quarter. Millennium Management LLC now owns 580,345 shares of the basic materials company’s stock valued at $20,208,000 after purchasing an additional 413,143 shares during the last quarter. Finally, Investec Asset Management PTY Ltd acquired a new stake in shares of Ternium in the second quarter valued at about $13,442,000. 17.18% of the stock is currently owned by institutional investors.

About Ternium

Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.

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Analyst Recommendations for Ternium (NYSE:TX)

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