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

Key Points

• Ternium S.A. (NYSE:TX) has received a consensus recommendation of "Hold" from analysts, with ratings split between 2 sell, 2 hold, and 2 buy recommendations.
• The stock's average twelve-month price target among brokerages is currently $32.67, following various recent rating changes including an upgrade to "buy" and a downgrade to "strong sell."
• Ternium reported $1.28 EPS last quarter, exceeding estimates of $0.66, but its revenue of $3.95 billion fell short of expectations.

Ternium S.A. (NYSE:TX - Get Free Report) has received an average rating of "Hold" from the six ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $32.6667.

A number of brokerages have recently issued reports on TX. Morgan Stanley cut 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. Wall Street Zen upgraded Ternium from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. 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. Finally, Wells Fargo & Company upgraded Ternium to a "strong sell" rating in a research note on Thursday, August 14th.

Ternium Trading Down 0.8%

Shares of Ternium stock opened at $34.30 on Tuesday. Ternium has a 12-month low of $24.00 and a 12-month high of $37.98. The stock has a market cap of $6.88 billion, a P/E ratio of 11.32 and a beta of 1.47. The company has a quick ratio of 1.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $32.18 and its 200-day moving average is $30.29.

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

Institutional Investors Weigh In On Ternium

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Ternium by 51.8% during the 1st quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company's stock worth $60,000 after buying an additional 653 shares during the period. Brooklyn Investment Group increased 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 buying an additional 2,017 shares during the period. State of Wyoming bought a new position in Ternium during the 2nd quarter worth $119,000. Rexford Capital Inc. bought a new position in Ternium during the 2nd quarter worth $121,000. Finally, Hantz Financial Services Inc. increased 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 buying an additional 6,519 shares during the period. Institutional investors 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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