Ternium (NYSE:TX) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Ternium (NYSE:TX) from a strong-buy rating to a hold rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Wall Street Zen raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ternium in a research report on Wednesday, May 20th. Wells Fargo & Company raised shares of Ternium from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $43.00 to $45.00 in a research report on Thursday, July 9th. UBS Group increased their price objective on shares of Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Finally, Bank of America upgraded 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Ternium has a consensus rating of “Moderate Buy” and an average price target of $47.94.

Ternium Stock Up 0.3%

Shares of TX stock opened at $49.26 on Thursday. The stock has a market cap of $9.87 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.18 and a beta of 1.29. The stock has a fifty day moving average price of $46.45 and a 200 day moving average price of $43.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.63 and a quick ratio of 1.53. Ternium has a one year low of $30.44 and a one year high of $51.73.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. The company had revenue of $3.93 billion during the quarter. Analysts predict that Ternium will post 5.71 earnings per share for the current year.

Institutional Trading of Ternium

Several large investors have recently bought and sold shares of TX. O Shaughnessy Asset Management LLC boosted its stake in shares of Ternium by 1.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,232 shares of the basic materials company’s stock valued at $505,000 after purchasing an additional 231 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Ternium by 49.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after buying an additional 232 shares during the period. GAMMA Investing LLC raised its stake in Ternium by 18.0% during the second quarter. GAMMA Investing LLC now owns 2,166 shares of the basic materials company’s stock worth $92,000 after buying an additional 331 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Ternium by 101.2% in the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after buying an additional 405 shares during the period. Finally, Caxton Associates LLP boosted its position in Ternium by 2.8% during the second quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company’s stock valued at $536,000 after acquiring an additional 484 shares during the last quarter. 11.98% of the stock is owned by institutional investors and hedge funds.

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.