Ternium (NYSE:TX) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Analysts at Weiss Ratings reaffirmed a "hold (c)" rating for Ternium (NYSE:TX), amidst mixed ratings from other firms, including a recent "strong sell" from Wells Fargo and a "buy" from Wall Street Zen.
• Ternium's shares traded up 2.5% to $37.00, with a market capitalization of $7.42 billion and a P/E ratio of 12.21. The stock has a 52-week range of $24.00 to $37.43.
• The company reported $1.28 EPS for the last quarter, exceeding estimates but seeing a 12.6% revenue decline year-over-year, with a forecast of 4.37 EPS for the current fiscal year.

Ternium (NYSE:TX - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company upgraded shares of Ternium to a "strong sell" rating in a research report on Thursday, August 14th. Wall Street Zen upgraded shares of Ternium from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Scotiabank decreased their target price on shares of Ternium from $41.00 to $40.00 and set a "sector outperform" rating for the company in a research report on Wednesday, September 3rd. Finally, Morgan Stanley downgraded shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price target for the company. in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $32.67.

Ternium Trading Up 2.5%

TX stock traded up $0.90 during midday trading on Wednesday, reaching $37.00. 241,612 shares of the company's stock traded hands, compared to its average volume of 222,437. The company has a market capitalization of $7.42 billion, a P/E ratio of 12.21 and a beta of 1.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 1.59. Ternium has a fifty-two week low of $24.00 and a fifty-two week high of $37.43. The business has a 50-day moving average price of $33.59 and a two-hundred day moving average price of $30.87.

Ternium (NYSE:TX - Get Free Report) last posted its earnings results on Tuesday, July 29th. The basic materials company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.62. The business had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.19 billion. Ternium had a net margin of 3.66% and a return on equity of 1.95%. The business's revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) earnings per share. Equities research analysts forecast that Ternium will post 4.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Ternium

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Ternium by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company's stock worth $37,000 after acquiring an additional 303 shares during the last quarter. Brooklyn Investment Group boosted its position in Ternium by 201,700.0% during the 1st quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company's stock worth $63,000 after acquiring an additional 2,017 shares during the last quarter. State of Wyoming acquired a new position in Ternium during the 2nd quarter worth approximately $119,000. Rexford Capital Inc. acquired a new position in Ternium during the 2nd quarter worth approximately $121,000. Finally, Hantz Financial Services Inc. boosted its position in Ternium by 1,361.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 6,998 shares of the basic materials company's stock worth $211,000 after acquiring an additional 6,519 shares during the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Company Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.

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