Ternium S.A. (NYSE:TX) Receives $49.50 Average PT from Brokerages

Shares of Ternium S.A. (NYSE:TX) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $51.50.

TX has been the topic of several recent research reports. Bradesco Corretora upgraded Ternium to an “outperform” rating and set a $62.00 price target on the stock in a research note on Tuesday, May 19th. Itau BBA Securities raised Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 target price on the stock in a report on Sunday, May 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Ternium in a report on Monday, August 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of Ternium in a research report on Friday, May 22nd. Finally, Wells Fargo & Company raised shares of Ternium from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $43.00 to $45.00 in a research report on Thursday, July 9th.

Institutional Investors Weigh In On Ternium

A number of institutional investors have recently made changes to their positions in TX. 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 valued at $27,000 after acquiring an additional 232 shares in the last quarter. Parallel Advisors LLC lifted its position in Ternium by 101.2% in the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 405 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Ternium during the 4th quarter valued at $36,000. Camelot Portfolios LLC purchased a new stake in Ternium during the 4th quarter valued at $38,000. Finally, Advisory Services Network LLC bought a new stake in shares of Ternium in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Stock Down 0.1%

Shares of Ternium stock opened at $54.76 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.43. The company has a 50-day moving average of $48.77 and a 200 day moving average of $45.38. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 0.17 and a beta of 1.25. Ternium has a 1 year low of $32.11 and a 1 year high of $58.24.

Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, June 30th. The basic materials company reported $1.80 EPS for the quarter. The business had revenue of $4.34 billion for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. As a group, sell-side analysts anticipate that Ternium will post 6.07 earnings per share for the current fiscal year.

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.