Ternium (NYSE:TX) Price Target Raised to $41.00 at UBS Group

Key Points

• UBS Group raised its price target on Ternium from $39.00 to $41.00 while maintaining a "neutral" rating, implying roughly a 2.78% upside from the current price.
• Analyst consensus remains mixed with an average rating of "Hold" and an average price target of $36.19 (analyst breakdown: 1 Strong Buy, 3 Buy, 4 Hold, 2 Sell).
• Ternium missed quarterly expectations, reporting $0.62 EPS vs. $0.77 expected and slightly lower revenue, and its shares traded down about 2.1% to $39.89, with a market cap near $8 billion.

Ternium (NYSE:TX - Get Free Report) had its price objective upped by equities research analysts at UBS Group from $39.00 to $41.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the basic materials company's stock. UBS Group's target price indicates a potential upside of 2.78% from the company's current price.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company reduced their price target on shares of Ternium from $34.00 to $33.00 and set an "underweight" rating for the company in a research report on Thursday, February 19th. Scotiabank reissued a "sector perform" rating and issued a $40.00 price target on shares of Ternium in a report on Thursday, March 26th. Zacks Research lowered Ternium from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 29th. Finally, Weiss Ratings upgraded shares of Ternium from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Ternium has an average rating of "Hold" and an average price target of $36.19.

Ternium Trading Down 2.1%

Shares of TX traded down $0.85 during mid-day trading on Thursday, reaching $39.89. 79,084 shares of the company were exchanged, compared to its average volume of 213,942. The stock has a market capitalization of $8.00 billion, a PE ratio of 18.47 and a beta of 1.27. The business has a 50 day simple moving average of $41.58 and a two-hundred day simple moving average of $38.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.45 and a current ratio of 2.49. Ternium has a 52 week low of $24.00 and a 52 week high of $45.57.

Ternium (NYSE:TX - Get Free Report) last released its earnings results on Saturday, February 14th. The basic materials company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.15). Ternium had a return on equity of 3.06% and a net margin of 2.72%.The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the business earned ($0.42) EPS. The company's revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts predict that Ternium will post 4.37 earnings per share for the current fiscal year.

Institutional Trading of Ternium

Institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC boosted its position in shares of Ternium by 1.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,232 shares of the basic materials company's stock valued at $505,000 after buying an additional 231 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Ternium by 49.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company's stock worth $27,000 after acquiring an additional 232 shares during the period. GAMMA Investing LLC raised its holdings in shares of Ternium by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 303 shares during the last quarter. Blue Trust Inc. lifted its position in Ternium by 17.5% during the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 335 shares during the period. Finally, Caxton Associates LLP grew its position in Ternium by 2.8% in the 2nd quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company's stock worth $536,000 after purchasing an additional 484 shares during the period. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Ternium Company Profile

Ternium SA NYSE: TX is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.

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