Ternium (NYSE:TX) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Ternium (NYSE:TX) from a hold rating to a buy rating in a research report released on Saturday.

Several other research analysts have also issued reports on TX. The Goldman Sachs Group reiterated a “buy” rating and issued a $49.00 price target on shares of Ternium in a report on Friday, April 24th. Bank of America upgraded shares of Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Monday, April 13th. Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Wells Fargo & Company boosted their price target on shares of Ternium from $36.00 to $43.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, UBS Group boosted their price target on shares of Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ternium currently has an average rating of “Moderate Buy” and an average target price of $41.81.

Ternium Stock Up 1.5%

Shares of NYSE:TX opened at $46.89 on Friday. The business’s 50 day simple moving average is $41.16 and its two-hundred day simple moving average is $39.96. The firm has a market cap of $9.40 billion, a P/E ratio of 16.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.45 and a current ratio of 2.63. Ternium has a 52-week low of $27.12 and a 52-week high of $49.69.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. The business had revenue of $3.93 billion for the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%. As a group, research analysts forecast that Ternium will post 4.04 EPS for the current fiscal year.

Ternium Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.90 per share. This represents a yield of 413.0%. The ex-dividend date is Thursday, May 14th. Ternium’s payout ratio is 61.86%.

Institutional Trading of Ternium

A number of hedge funds and other institutional investors have recently bought and sold shares of TX. Lazard Asset Management LLC grew its stake in shares of Ternium by 0.9% in the 4th quarter. Lazard Asset Management LLC now owns 5,866,281 shares of the basic materials company’s stock worth $224,033,000 after acquiring an additional 52,711 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Ternium by 1.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock worth $145,452,000 after acquiring an additional 66,062 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Ternium by 4.7% in the 3rd quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock worth $79,159,000 after acquiring an additional 101,748 shares in the last quarter. Cape Ann Asset Management Ltd grew its stake in shares of Ternium by 20.5% in the 4th quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock worth $40,812,000 after acquiring an additional 182,000 shares in the last quarter. Finally, Prudential PLC grew its stake in shares of Ternium by 5.5% in the 3rd quarter. Prudential PLC now owns 717,593 shares of the basic materials company’s stock worth $24,922,000 after acquiring an additional 37,408 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Company Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.