Ternium S.A. (NYSE:TX) Receives Average Rating of “Hold” from Analysts

Shares of Ternium S.A. (NYSE:TX) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $32.8333.

TX has been the topic of a number of analyst reports. Scotiabank dropped their price target 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. Wells Fargo & Company started coverage on Ternium in a research report on Wednesday. They issued an “underweight” rating and a $30.00 price objective on the stock. Finally, Morgan Stanley cut Ternium from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective on the stock. in a research report on Monday, July 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. boosted its holdings in shares of Ternium by 10.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 3,412,385 shares of the basic materials company’s stock valued at $102,713,000 after purchasing an additional 312,595 shares during the last quarter. Ninety One UK Ltd boosted its holdings in shares of Ternium by 5.2% during the 2nd quarter. Ninety One UK Ltd now owns 2,407,110 shares of the basic materials company’s stock valued at $72,454,000 after purchasing an additional 118,595 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Ternium by 11.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,177,525 shares of the basic materials company’s stock valued at $65,544,000 after purchasing an additional 216,301 shares during the last quarter. Ninety One North America Inc. boosted its holdings in shares of Ternium by 23.4% during the 2nd quarter. Ninety One North America Inc. now owns 1,023,049 shares of the basic materials company’s stock valued at $30,794,000 after purchasing an additional 194,174 shares during the last quarter. Finally, Oaktree Capital Management LP boosted its holdings in shares of Ternium by 13.2% during the 2nd quarter. Oaktree Capital Management LP now owns 919,709 shares of the basic materials company’s stock valued at $27,683,000 after purchasing an additional 107,100 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Stock Down 2.6%

TX stock opened at $32.24 on Friday. Ternium has a fifty-two week low of $24.00 and a fifty-two week high of $37.98. The business’s 50 day moving average price is $31.04 and its two-hundred day moving average price is $29.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 2.68. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 10.64 and a beta of 1.53.

Ternium (NYSE:TX) last posted its earnings results 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. Ternium had a return on equity of 1.95% and a net margin of 3.66%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the business earned ($0.11) EPS. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. As a group, analysts forecast that Ternium will post 4.37 earnings per share for the current fiscal year.

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.