Ternium Upgraded to Buy at TheStreet (TX)
The analysts wrote, “Ternium (TX) has been upgraded by TheStreet Ratings from sell to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of Ternium (NYSE:TX) traded down 1.59% during mid-day trading on Friday, hitting $28.43. 129,983 shares of the company’s stock traded hands. Ternium has a 52 week low of $19.96 and a 52 week high of $32.99. The stock’s 50-day moving average is $29.31 and its 200-day moving average is $29.34. The company has a market cap of $5.581 billion and a price-to-earnings ratio of 11.91.
Ternium (NYSE:TX) last released its earnings data on Wednesday, April 30th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that Ternium will post $3.06 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Ternium to an “equal weight” rating in a research note on Friday. They now have a $30.20 price target on the stock, down previously from $30.50. Separately, analysts at ING Group upgraded shares of Ternium from a “sell” rating to a “buy” rating in a research note on Wednesday. Finally, analysts at Zacks downgraded shares of Ternium from a “neutral” rating to an “underperform” rating in a research note on Monday, April 28th. They now have a $28.50 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $28.93.
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.
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