Ternium S.A. (TX) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is moderately positive: Six of 11 analysts rate Ternium a buy and five rate it a hold; the average 12-month price target is $57.17.
• Several firms recently lowered their ratings or price targets, while Scotiabank raised its target to $57 and maintained a sector-perform rating.
• Ternium reported quarterly EPS of $1.42, below the $1.79 consensus estimate, while revenue of $4.64 billion was near expectations and rose 17.4% year over year.

Shares of Ternium S.A. (NYSE:TX - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $57.17.

A number of brokerages recently commented on TX. Zacks Research lowered Ternium from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 13th. HSBC cut shares of Ternium from a "buy" rating to a "hold" rating and upped their target price for the company from $53.00 to $55.00 in a research report on Friday, August 21st. Scotiabank increased their price target on Ternium from $40.00 to $57.00 and gave the company a "sector perform" rating in a research note on Friday. Wall Street Zen cut Ternium from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Wells Fargo & Company lowered their price target on Ternium from $56.00 to $52.00 and set an "equal weight" rating for the company in a research note on Thursday.

Ternium Stock Up 1.1%

NYSE TX opened at $49.19 on Friday. The stock has a fifty day moving average of $55.91 and a 200-day moving average of $47.81. The stock has a market capitalization of $9.86 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 0.14 and a beta of 1.17. Ternium has a 52 week low of $35.12 and a 52 week high of $60.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.43 and a current ratio of 2.56.

Ternium (NYSE:TX - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.37). Ternium had a net margin of 5.74% and a return on equity of 5.77%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the company earned $0.10 EPS. The company's revenue was up 17.4% compared to the same quarter last year. On average, equities research analysts forecast that Ternium will post 6.41 EPS for the current year.

Ternium Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, November 20th. Investors of record on Monday, November 16th will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, November 16th. This represents a yield of 349.0%. Ternium's payout ratio is currently 53.28%.

Institutional Investors Weigh In On Ternium

Several hedge funds have recently bought and sold shares of the company. Diversified Trust Co bought a new stake in shares of Ternium in the third quarter worth $202,000. StoneX Group Inc. acquired a new stake in Ternium in the third quarter valued at $215,000. Arrow Investment Advisors LLC raised its position in Ternium by 24.3% during the 3rd quarter. Arrow Investment Advisors LLC now owns 7,083 shares of the basic materials company's stock worth $385,000 after purchasing an additional 1,386 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Ternium during the 3rd quarter worth $40,000. Finally, Inspire Investing LLC bought a new position in Ternium during the 3rd quarter worth $2,329,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

About Ternium

Ternium is a steel producer serving customers across the Americas. Its operations span the steelmaking process, from iron ore extraction and processing to the manufacture and distribution of steel products.

The company produces flat and long steel products, including slabs, hot- and cold-rolled steel, coated steel, tinplate, and bars. These materials are used in industries such as construction, automotive manufacturing, appliances, energy, and packaging.

Ternium's roots include steel businesses in Argentina and Mexico, and it was established in 2005.

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