Shares of Ternium S.A. (NYSE:TX - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $55.26 and last traded at $54.71, with a volume of 885585 shares changing hands. The stock had previously closed at $53.90.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. The Goldman Sachs Group reiterated a "buy" rating and set a $57.00 price target on shares of Ternium in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Ternium from a "buy" rating to a "strong-buy" rating in a research note on Sunday, July 12th. Bank of America raised shares of Ternium from a "neutral" rating to a "buy" rating and set a $46.00 price target on the stock in a research report on Monday, April 13th. Zacks Research downgraded shares of Ternium from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. Finally, Bradesco Corretora raised shares of Ternium to an "outperform" rating and set a $62.00 target price on the stock in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Ternium presently has an average rating of "Moderate Buy" and an average target price of $47.94.
Read Our Latest Analysis on Ternium
Ternium Stock Up 1.5%
The firm has a market capitalization of $10.97 billion, a PE ratio of 15.37, a P/E/G ratio of 0.19 and a beta of 1.25. The stock has a 50-day simple moving average of $46.89 and a 200-day simple moving average of $44.19. The company has a quick ratio of 1.43, a current ratio of 2.58 and a debt-to-equity ratio of 0.14.
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 for the quarter. Ternium had a return on equity of 4.26% and a net margin of 4.37%. Analysts forecast that Ternium S.A. will post 5.71 EPS for the current year.
Institutional Investors Weigh In On Ternium
Several institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC lifted its holdings in shares of Ternium by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,232 shares of the basic materials company's stock worth $505,000 after buying an additional 231 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Ternium by 49.2% during the 4th 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 in the last quarter. GAMMA Investing LLC grew its holdings in Ternium by 18.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,166 shares of the basic materials company's stock worth $92,000 after acquiring an additional 331 shares in the last quarter. Parallel Advisors LLC increased its position in Ternium by 101.2% during the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 405 shares during the period. Finally, Caxton Associates LLP raised its holdings in shares of Ternium by 2.8% in the 2nd quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company's stock valued at $536,000 after purchasing an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 11.98% of the company's stock.
Ternium Company Profile
(
Get Free Report)
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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