Ternium (TX) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ternium in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TX shares.
View TX analyst ratings or view top-rated stocks.

7 Wall Street analysts have issued 12-month price targets for Ternium's shares. Their TX share price forecasts range from $35.00 to $53.50. On average, they anticipate the company's stock price to reach $47.36 in the next year. This suggests a possible upside of 20.9% from the stock's current price.
View analysts price targets for TX or view top-rated stocks among Wall Street analysts.

Ternium's stock was trading at $30.56 at the start of the year. Since then, TX stock has increased by 28.1% and is now trading at $39.16.
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Ternium saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 247,900 shares, an increase of 20.5% from the August 31st total of 205,800 shares. Based on an average daily trading volume, of 169,900 shares, the short-interest ratio is currently 1.5 days. Currently, 0.1% of the company's stock are sold short.
View Ternium's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our TX earnings forecast.

Ternium S.A. (NYSE:TX) posted its earnings results on Tuesday, August, 1st. The basic materials company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $1.23. The basic materials company earned $3.87 billion during the quarter, compared to analyst estimates of $4.11 billion. Ternium had a trailing twelve-month return on equity of 8.51% and a net margin of 7.87%. The firm's quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.07 EPS.

Ternium announced a semi-annual dividend on Thursday, March 23rd. Investors of record on Friday, May 5th will be given a dividend of $1.80 per share on Monday, May 15th. This represents a yield of 6.9%. The ex-dividend date is Thursday, May 4th.
Read our dividend analysis for TX.

ETFs with the largest weight of Ternium (NYSE:TX) stock in their portfolio include VanEck Steel ETF (SLX), Inspire Faithward Mid Cap Momentum ETF (GLRY), AdvisorShares Dorsey Wright ADR ETF (AADR), Amplify International Enhanced Dividend Income ETF (IDVO), Virtus Real Asset Income ETF (VRAI) and Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA).Invesco Zacks Multi-Asset Income ETF (CVY).

Ternium (NYSE:TX) pays an annual dividend of $3.60 per share and currently has a dividend yield of 9.41%. TX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 59.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TX will have a dividend payout ratio of 64.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TX.

41 employees have rated Ternium Chief Executive Officer Daniel A. Novegil on Glassdoor.com. Daniel A. Novegil has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ternium investors own include Energy Transfer (ET), AT&T (T), Bank of America (BAC), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), Ford Motor (F), Intel (INTC), Wells Fargo & Company (WFC), Walmart (WMT) and Walgreens Boots Alliance (WBA).

Ternium trades on the New York Stock Exchange (NYSE) under the ticker symbol "TX."

Ternium's stock is owned by a number of retail and institutional investors. Top institutional investors include Lazard Asset Management LLC (1.76%), Ninety One UK Ltd (0.73%), Schroder Investment Management Group (0.62%), Contrarian Capital Management L.L.C. (0.51%), Cape Ann Asset Management Ltd (0.51%) and Victory Capital Management Inc. (0.33%).

Shares of TX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TX stock can currently be purchased for approximately $39.16.

Ternium (NYSE:TX) has a market capitalization of $7.69 billion and generates $16.41 billion in revenue each year. The basic materials company earns $1.77 billion in net income (profit) each year or $6.08 on an earnings per share basis.

The company employs 20,510 workers across the globe.

Ternium's mailing address is 26 BOULEVARD ROYAL 4TH FLOOR, LUXEMBOURG N4, L-2449. The official website for the company is www.ternium.com. The basic materials company can be reached via phone at (522) 668-3152 or via fax at 352-2653-8349.