Ternium (NYSE:TX) Stock Price Target Lowered at Wells Fargo & Company

Ternium (NYSE:TX) had its price target reduced by Wells Fargo & Company from $56.00 to $52.00 in a research report report published on Thursday,Benzinga reports. They currently have an equal weight rating on the basic materials company’s stock.

TX has been the topic of several other reports. Weiss Ratings raised Ternium from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Zacks Research cut Ternium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. JPMorgan Chase & Co. boosted their price target on Ternium from $60.50 to $67.50 and gave the company an “overweight” rating in a research note on Friday, September 4th. HSBC downgraded Ternium from a “buy” rating to a “hold” rating and boosted their price target for the company from $53.00 to $55.00 in a research note on Friday, August 21st. Finally, Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Ternium has a consensus rating of “Moderate Buy” and an average price target of $55.28.

Ternium Stock Performance

Shares of TX stock opened at $48.60 on Thursday. The business’s fifty day simple moving average is $56.04 and its 200-day simple moving average is $47.78. The company has a market cap of $9.74 billion, a PE ratio of 9.96, a PEG ratio of 0.14 and a beta of 1.17. The company has a current ratio of 2.55, a quick ratio of 1.43 and a debt-to-equity ratio of 0.15. Ternium has a 12-month low of $35.12 and a 12-month high of $60.21.

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.37). The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Ternium had a return on equity of 5.77% and a net margin of 5.74%. Ternium’s revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. Analysts expect that Ternium will post 6.52 earnings per share for the current fiscal year.

Ternium Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, November 20th. Stockholders of record on Monday, November 16th will be issued a $0.90 dividend. This represents a dividend yield of 349.0%. The ex-dividend date of this dividend is Monday, November 16th. Ternium’s dividend payout ratio is 36.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ternium in the 3rd quarter valued at $40,000. Parallel Advisors LLC boosted its holdings in Ternium by 101.2% during the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after buying an additional 405 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 in the last quarter. StoneX Group Inc. acquired a new stake in Ternium during the third quarter valued at $215,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Ternium during the first quarter valued at $210,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium News Summary

Here are the key news stories impacting Ternium this week:

• Positive Sentiment: Ternium expects its Pesquería slab mill to begin production in February, adding capacity, and projects Q4 EBITDA to be broadly in line with $785 million. Article: Ternium expects Pesquería slab mill to start production in February
• Positive Sentiment: The company declared a dividend, offering some income support for shareholders. Reports differ on the dividend amount, so investors may want to confirm it with the company’s filing. Article: Ternium declares dividend
• Neutral Sentiment: Ternium reported a return to Q3 profit, while revenue increased 17.4% year over year. The quarter’s earnings per share nevertheless fell short of analysts’ expectations. Article: Steelmaker Ternium swings to third-quarter profit
• Negative Sentiment: Wells Fargo lowered its price target to $52 from $56 and maintained an “equal weight” rating, signaling more limited analyst conviction despite the target remaining above the recent share price.
• Negative Sentiment: Q3 EPS of $1.42 missed the $1.79 consensus estimate. That earnings miss, alongside the analyst target cut, likely weighed on the stock. Article: Ternium reports third-quarter results

About Ternium

Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.

Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.

The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.