Ternium S.A. (NYSE:TX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Ternium has a “Moderate Buy” consensus rating from 11 analysts, with six buy ratings, four holds and one strong buy. The average 12-month price target is $54.50.
• Several analysts recently raised their views on Ternium, including JPMorgan, which increased its target from $60.50 to $67.50, while Zacks upgraded the stock to “strong buy.”
• Shares opened at $57.22, near their 52-week high of $58.73. Institutional investors own 11.98% of the company, and Ternium reported quarterly EPS of $1.80 on revenue of $4.34 billion.

Shares of Ternium S.A. (NYSE:TX - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $54.50.

Several equities analysts have recently issued reports on TX shares. JPMorgan Chase & Co. upped their target price on Ternium from $60.50 to $67.50 and gave the company an "overweight" rating in a report on Friday, September 4th. Weiss Ratings upgraded Ternium from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, September 10th. The Goldman Sachs Group reissued a "buy" rating and issued a $57.00 price objective on shares of Ternium in a research report on Friday, May 22nd. Itau BBA Securities upgraded Ternium from a "market perform" rating to an "outperform" rating and set a $59.00 price objective for the company in a research note on Sunday, May 24th. Finally, Zacks Research raised Ternium from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 11th.

Hedge Funds Weigh In On Ternium

Several institutional investors have recently added to or reduced their stakes in TX. Lazard Asset Management LLC boosted its stake in 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 acquiring an additional 469,846 shares during the last quarter. Donald Smith & CO. Inc. grew its position in shares of 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 valued at $145,452,000 after acquiring an additional 66,062 shares during the period. Cape Ann Asset Management Ltd grew its position in shares of 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 valued at $40,812,000 after acquiring an additional 182,000 shares during the period. Amundi increased its stake in shares of Ternium by 19.9% during the 1st quarter. Amundi now owns 703,304 shares of the basic materials company's stock worth $28,238,000 after purchasing an additional 116,813 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Ternium during the 2nd quarter worth approximately $14,329,000. Institutional investors own 11.98% of the company's stock.

Ternium Stock Down 1.5%

TX opened at $57.22 on Friday. Ternium has a fifty-two week low of $33.01 and a fifty-two week high of $58.73. The firm has a market capitalization of $11.47 billion, a P/E ratio of 16.07, a PEG ratio of 0.17 and a beta of 1.25. The company's 50-day moving average is $52.70 and its 200 day moving average is $46.72. 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 - Get Free Report) last issued its quarterly earnings data 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 during the quarter. Research analysts expect that Ternium will post 6.54 earnings per share for the current fiscal year.

About Ternium

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.

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