Ternium Short Interest Down 45.4% in March (TX)
Ternium (NYSE:TX) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 297,835 shares, a decline of 45.4% from the March 14th total of 545,763 shares, AR Network reports. Based on an average daily volume of 228,433 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.2% of the company’s stock are short sold.
A number of research firms have recently commented on TX. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ternium in a research note on Wednesday, April 16th. They now have a $29.00 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Ternium from an “overweight” rating to an “equal weight” rating in a research note on Friday, March 28th. They now have a $31.00 price target on the stock, down previously from $31.60. Finally, analysts at Zacks downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $29.33.
Shares of Ternium (NYSE:TX) opened at 30.05 on Monday. Ternium has a 1-year low of $19.96 and a 1-year high of $32.99. The stock has a 50-day moving average of $29.78 and a 200-day moving average of $28.94. The company has a market cap of $5.899 billion and a price-to-earnings ratio of 13.06.
Ternium (NYSE:TX) last announced its earnings results on Wednesday, February 19th. The company reported $2.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $1.69. The company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $2.11 billion. On average, analysts predict that Ternium will post $3.09 earnings per share for the current fiscal year.
The company also recently declared a annual dividend, which is scheduled for Monday, May 19th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.75 per share. This represents a yield of 2.46%. The ex-dividend date of this dividend is Friday, May 9th.
Ternium SA (NYSE:TX) is a steel company in Latin America, manufacturing and processing a range of flat and long steel products for customers active in the construction, home appliances, capital goods, container, food, energy and automotive industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.