Brokerages Set Ternium S.A. (NYSE:TX) Target Price at $33.25

Ternium S.A. (NYSE:TX - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $33.40.

TX has been the topic of a number of research analyst reports. Scotiabank reduced their target price on Ternium from $53.00 to $41.00 and set a "sector outperform" rating on the stock in a research report on Thursday, July 17th. The Goldman Sachs Group reduced their price target on shares of Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Bank of America reissued an "underperform" rating and issued a $25.00 price target on shares of Ternium in a research note on Monday, April 7th. Finally, Morgan Stanley downgraded shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price target on the stock. in a research note on Monday.

Ternium Trading Down 1.3%

TX stock traded down $0.42 during trading on Monday, reaching $31.43. 87,199 shares of the stock were exchanged, compared to its average volume of 226,123. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of -17.65 and a beta of 1.48. The company has a current ratio of 3.00, a quick ratio of 1.76 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $29.78 and a 200-day moving average price of $29.60. 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 results on Tuesday, April 29th. The basic materials company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.33 by $0.22. Ternium had a negative net margin of 2.07% and a positive return on equity of 0.29%. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the previous year, the company earned $1.84 EPS. The business's revenue for the quarter was down 17.7% compared to the same quarter last year. On average, research analysts predict that Ternium will post 4.37 earnings per share for the current year.

Institutional Investors Weigh In On Ternium

Several large investors have recently added to or reduced their stakes in TX. Donald Smith & CO. Inc. increased its stake in Ternium by 19.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock worth $87,903,000 after buying an additional 483,052 shares during the period. Ninety One North America Inc. increased its position in shares of Ternium by 23.4% during the second quarter. Ninety One North America Inc. now owns 1,023,049 shares of the basic materials company's stock worth $30,794,000 after acquiring an additional 194,174 shares during the period. PointState Capital LP purchased a new stake in shares of Ternium during the fourth quarter worth $4,112,000. Ninety One UK Ltd increased its position in shares of Ternium by 5.2% during the second quarter. Ninety One UK Ltd now owns 2,407,110 shares of the basic materials company's stock worth $72,454,000 after acquiring an additional 118,595 shares during the period. Finally, Cape Ann Asset Management Ltd increased its holdings in Ternium by 15.0% during the 1st quarter. Cape Ann Asset Management Ltd now owns 871,685 shares of the basic materials company's stock worth $27,162,000 after purchasing an additional 113,536 shares during the period. 11.98% of the stock is owned by hedge funds and other institutional investors.

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.