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

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%.

Shares of Ternium S.A. (NYSE:TX - Get Free Report) have received a consensus rating of "Hold" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $32.8333.

Several research analysts have recently issued reports on TX shares. Morgan Stanley lowered Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 target price for the company. in a research report on Monday, July 21st. Scotiabank cut their price target on Ternium from $53.00 to $41.00 and set a "sector outperform" rating on the stock in a research note on Thursday, July 17th. Finally, Wells Fargo & Company upgraded Ternium to a "strong sell" rating in a research note on Thursday.

Institutional Trading of Ternium

Several institutional investors have recently added to or reduced their stakes in TX. Donald Smith & CO. Inc. boosted its stake in shares of Ternium by 10.1% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,412,385 shares of the basic materials company's stock worth $102,713,000 after buying an additional 312,595 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Ternium by 4.6% in the 2nd quarter. Lazard Asset Management LLC now owns 5,358,772 shares of the basic materials company's stock worth $161,298,000 after buying an additional 237,741 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Ternium by 11.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,177,525 shares of the basic materials company's stock worth $65,544,000 after buying an additional 216,301 shares during the last quarter. Ninety One North America Inc. raised its holdings in Ternium by 23.4% in the 2nd quarter. Ninety One North America Inc. now owns 1,023,049 shares of the basic materials company's stock worth $30,794,000 after purchasing an additional 194,174 shares during the period. Finally, PointState Capital LP bought a new position in Ternium in the 4th quarter worth $4,112,000. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Ternium Trading Up 0.8%

TX traded up $0.26 during midday trading on Friday, reaching $32.50. 208,109 shares of the company's stock traded hands, compared to its average volume of 228,883. The firm has a fifty day moving average of $31.11 and a two-hundred day moving average of $29.95. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 10.73 and a beta of 1.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 1.59. Ternium has a 52 week low of $24.00 and a 52 week high of $37.98.

Ternium (NYSE:TX - Get Free Report) last announced its earnings results on Tuesday, July 29th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.62. Ternium had a return on equity of 1.95% and a net margin of 3.66%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the prior year, the company earned ($0.11) EPS. The business's revenue was down 12.6% compared to the same quarter last year. On average, equities analysts anticipate that Ternium will post 4.37 earnings per share 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.