Ternium S.A. (NYSE:TX) Stock Has Consensus Target Price of $55.72

Key Points

• Analysts give Ternium a “Moderate Buy” consensus: six analysts rate it a buy, four recommend holding, and one rates it a strong buy. The average 12-month price target is $55.72.
• Ternium shares opened at $58.99, near their 52-week high of $59.32 and above the consensus target. JPMorgan recently raised its target to $67.50 and assigned an “overweight” rating.
• Institutional investors and hedge funds own 11.98% of the company, while Ternium reported quarterly EPS of $1.80 on $4.34 billion in revenue. Analysts expect full-year EPS of $6.54.

Ternium S.A. (NYSE:TX - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $55.72.

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Ternium from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, September 10th. UBS Group raised their target price on shares of Ternium from $56.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, August 27th. HSBC restated a "hold" rating and set a $55.00 target price (up from $53.00) on shares of Ternium in a report on Friday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Ternium from $60.50 to $67.50 and gave the stock an "overweight" rating in a research report on Friday, September 4th. Finally, Wall Street Zen raised shares of Ternium from a "buy" rating to a "strong-buy" rating in a research report on Sunday, July 12th.

Hedge Funds Weigh In On Ternium

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Ternium by 14.9% in the third quarter. GAMMA Investing LLC now owns 2,489 shares of the basic materials company's stock valued at $135,000 after buying an additional 323 shares during the last quarter. Engineers Gate Manager LP boosted its stake in shares of Ternium by 496.8% during the 2nd quarter. Engineers Gate Manager LP now owns 56,337 shares of the basic materials company's stock worth $2,406,000 after acquiring an additional 46,897 shares during the period. Nykredit A S acquired a new position in shares of Ternium during the 2nd quarter worth approximately $10,564,000. Wellington Management Group LLP acquired a new position in shares of Ternium during the 2nd quarter worth approximately $5,704,000. Finally, Donald Smith & CO. Inc. acquired a new position in shares of Ternium during the 2nd quarter worth approximately $134,131,000. Institutional investors and hedge funds own 11.98% of the company's stock.

Ternium Price Performance

NYSE:TX opened at $58.99 on Wednesday. Ternium has a 52-week low of $33.01 and a 52-week high of $59.32. The company has a market cap of $11.83 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.17 and a beta of 1.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.43 and a current ratio of 2.58. The stock's 50-day simple moving average is $55.91 and its 200 day simple moving average is $48.81.

Ternium (NYSE:TX - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The basic materials company reported $1.80 EPS for the quarter. The firm had revenue of $4.34 billion during the quarter. Ternium had a return on equity of 4.26% and a net margin of 4.37%. As a group, sell-side analysts forecast that Ternium will post 6.54 EPS for the current fiscal year.

Ternium Company Profile

Ternium SA NYSE: TX is a steel producer serving customers primarily in the Americas. The company manufactures a broad range of steel products, including flat steel, long steel, slabs, billets, galvanized and pre-painted steel, and other value-added products used in construction, automotive manufacturing, appliances, energy, machinery, and other industrial applications.

Ternium operates an integrated steelmaking and processing network with production and distribution activities in countries including Mexico, Brazil, Argentina, Colombia, and the United States.

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