Ternium S.A. (NYSE:TX) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Ternium S.A. has received a consensus recommendation of "Hold" from a group of seven analysts, with ratings ranging from sell to buy.
• The average target price among analysts for Ternium's stock is $32.67, while shares currently trade at $36.16 following a 2.4% increase.
• In its latest earnings report, Ternium reported an EPS of $1.28, significantly exceeding the consensus estimate of $0.66, but with revenues down 12.6% year-over-year.

Shares of Ternium S.A. (NYSE:TX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $32.6667.

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Ternium in a research note on Saturday, September 27th. Morgan Stanley lowered Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price objective on the stock. in a research note on Monday, July 21st. Scotiabank dropped their price objective on Ternium from $41.00 to $40.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, September 3rd. Wall Street Zen upgraded Ternium from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Wells Fargo & Company upgraded Ternium to a "strong sell" rating in a research report on Thursday, August 14th.

Ternium Trading Up 2.4%

Ternium stock opened at $36.16 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 2.68. The business's 50-day simple moving average is $33.41 and its 200-day simple moving average is $30.82. The firm has a market capitalization of $7.25 billion, a PE ratio of 11.93 and a beta of 1.52. Ternium has a 52 week low of $24.00 and a 52 week high of $37.43.

Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $4.19 billion. Ternium had a return on equity of 1.95% and a net margin of 3.66%.The firm's revenue for the quarter was down 12.6% on a year-over-year basis. 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 earnings per share for the current year.

Institutional Investors Weigh In On Ternium

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of Ternium by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company's stock valued at $37,000 after buying an additional 303 shares in the last quarter. State of Wyoming acquired a new position in Ternium in the second quarter worth about $119,000. Caxton Associates LLP lifted its stake in Ternium by 2.8% during the second 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. Rexford Capital Inc. bought a new position in Ternium during the second quarter worth about $121,000. Finally, Vident Advisory LLC boosted its holdings in Ternium by 13.2% during the second quarter. Vident Advisory LLC now owns 13,899 shares of the basic materials company's stock valued at $418,000 after purchasing an additional 1,623 shares in the last quarter. Institutional investors and hedge funds own 11.98% of the company's stock.

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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