Analysts Set Ternium S.A. (NYSE:TX) Price Target at $32.67

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.

Shares of Ternium S.A. (NYSE:TX - Get Free Report) have earned an average rating of "Hold" from the six research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $32.6667.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company upgraded Ternium to a "strong sell" rating in a research report on Thursday, August 14th. Scotiabank cut their price objective on Ternium from $41.00 to $40.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, September 3rd. 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 report on Monday, July 21st. Finally, Wall Street Zen upgraded Ternium from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th.

Ternium Trading Down 1.3%

Ternium stock traded down $0.44 during trading hours on Tuesday, reaching $34.55. The company had a trading volume of 327,779 shares, compared to its average volume of 179,887. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 1.59. The company has a 50-day moving average price of $32.40 and a 200 day moving average price of $30.43. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 11.40 and a beta of 1.47. Ternium has a 12-month low of $24.00 and a 12-month high of $37.98.

Ternium (NYSE:TX - Get Free Report) last announced its quarterly 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 return on equity of 1.95% and a net margin of 3.66%.The business's quarterly revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS. Equities analysts forecast that Ternium will post 4.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of Ternium by 4.4% in the fourth quarter. Bank of America Corp DE now owns 80,912 shares of the basic materials company's stock worth $2,353,000 after purchasing an additional 3,398 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Ternium by 70.8% in the fourth quarter. Millennium Management LLC now owns 18,947 shares of the basic materials company's stock worth $551,000 after acquiring an additional 7,853 shares during the period. PointState Capital LP bought a new position in shares of Ternium in the fourth quarter worth about $4,112,000. Silvercrest Asset Management Group LLC bought a new position in shares of Ternium in the fourth quarter worth about $856,000. Finally, Woodline Partners LP boosted its stake in shares of Ternium by 28.0% in the fourth quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company's stock worth $10,634,000 after acquiring an additional 79,935 shares during the period. Hedge funds and other institutional investors own 11.98% of the company's stock.

About Ternium

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.