Ternium (TX) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ternium in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TX shares.
View TX analyst ratings or view top-rated stocks.

7 brokers have issued 12-month target prices for Ternium's shares. Their TX share price forecasts range from $35.00 to $52.00. On average, they expect the company's stock price to reach $46.43 in the next twelve months. This suggests a possible upside of 22.9% 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 on January 1st, 2023. Since then, TX shares have increased by 23.7% and is now trading at $37.79.
View the best growth stocks for 2023 here.

Ternium saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 288,300 shares, a drop of 13.5% from the April 30th total of 333,300 shares. Based on an average daily volume of 287,200 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the shares of the stock are sold short.
View Ternium's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our TX earnings forecast.

Ternium S.A. (NYSE:TX) issued its quarterly earnings data on Tuesday, April, 25th. The basic materials company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.93. The basic materials company earned $3.62 billion during the quarter, compared to analysts' expectations of $3.67 billion. Ternium had a trailing twelve-month return on equity of 9.84% and a net margin of 8.68%. The firm's revenue was down 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.95 earnings per share.

Ternium declared 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 dividend 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), Virtus Real Asset Income ETF (VRAI), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), Amplify Natural Resources Dividend Income ETF (NDIV) and Amplify International Enhanced Dividend Income ETF (IDVO).VanEck Natural Resources ETF (HAP).

Ternium (NYSE:TX) pays an annual dividend of $3.60 per share and currently has a dividend yield of 9.35%. 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 51.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TX will have a dividend payout ratio of 53.73% 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 Acadian Asset Management LLC (0.00%), Ninety One UK Ltd (0.00%), Cape Ann Asset Management Ltd (0.00%), Prudential PLC (0.00%), Oldfield Partners LLP (0.00%) and Ninety One North America Inc. (0.00%).

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 $37.79.

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.