Analysts Set Ternium S.A. (NYSE:TX) Price Target at $32.83

Key Points

• Ternium S.A. has received a consensus rating of "Hold" from analysts, with two recommendations to sell, two to hold, and two to buy.
• The average twelve-month price target for Ternium among analysts is $32.83, with recent price target updates reflecting adjustments from companies like Morgan Stanley and Scotiabank.
• In the second quarter, several institutional investors increased their stakes in Ternium, with Donald Smith & CO. Inc. raising its shareholding by 10.1%.

Ternium S.A. (NYSE:TX - Get Free Report) has been given an average recommendation of "Hold" by the six research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $32.8333.

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company raised Ternium to a "strong sell" rating in a research note on Thursday, August 14th. Scotiabank dropped their price objective on Ternium from $53.00 to $41.00 and set a "sector outperform" rating for the company in a research note on Thursday, July 17th. Finally, Morgan Stanley lowered Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price objective for the company. in a research note on Monday, July 21st.

Hedge Funds Weigh In On Ternium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in Ternium by 500.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company's stock valued at $35,000 after buying an additional 1,000 shares during the last quarter. GAMMA Investing LLC boosted its stake in Ternium by 51.8% during the first quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company's stock valued at $60,000 after buying an additional 653 shares during the last quarter. Aquatic Capital Management LLC boosted its stake in Ternium by 28.4% during the fourth quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock valued at $63,000 after buying an additional 482 shares during the last quarter. Brooklyn Investment Group boosted its stake in Ternium by 201,700.0% during the first quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company's stock valued at $63,000 after buying an additional 2,017 shares during the last quarter. Finally, Rexford Capital Inc. bought a new position in Ternium during the second quarter valued at approximately $121,000. 11.98% of the stock is owned by institutional investors.

Ternium Price Performance

Shares of NYSE TX remained flat at $32.78 during mid-day trading on Friday. The stock had a trading volume of 58,214 shares, compared to its average volume of 228,466. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 10.82 and a beta of 1.53. 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 firm's 50 day simple moving average is $31.18 and its two-hundred day simple moving average is $29.97. Ternium has a 1 year low of $24.00 and a 1 year high of $37.98.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.62. The firm had revenue of $3.95 billion during 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 business's quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Analysts anticipate that Ternium will post 4.37 EPS for the current fiscal year.

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.