Ternium S.A. Receives Average Rating of “Hold” from Brokerages (NYSE:TX)
Ternium S.A. (NYSE:TX) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the company, Stock Ratings News reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $28.85.
Shares of Ternium S.A. (NYSE:TX) opened at 28.59 on Thursday. Ternium S.A. has a 1-year low of $21.48 and a 1-year high of $32.99. The stock’s 50-day moving average is $28.21 and its 200-day moving average is $29.4. The company has a market cap of $5.612 billion and a P/E ratio of 11.90.
Ternium S.A. (NYSE:TX) last announced its earnings results on Wednesday, April 30th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Ternium S.A. will post $3.02 earnings per share for the current fiscal year.
A number of research firms have recently commented on TX. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Ternium S.A. in a research note on Thursday, July 3rd. They now have a $29.90 price target on the stock, down previously from $30.20. Separately, analysts at TheStreet upgraded shares of Ternium S.A. from a “sell” rating to a “buy” rating in a research note on Friday, May 30th.
Ternium SA (NYSE:TX) is a steel producer in Latin America.
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