Ternium SA Given Average Rating of “Hold” by Analysts (NYSE:TX)
Ternium SA (NYSE:TX) has earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Stock Ratings Network reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.97.
Shares of Ternium SA (NYSE:TX) opened at 25.62 on Wednesday. Ternium SA has a 52 week low of $23.66 and a 52 week high of $32.99. The stock’s 50-day moving average is $27.63 and its 200-day moving average is $28.. The company has a market cap of $5.029 billion and a price-to-earnings ratio of 10.01.
Ternium SA (NYSE:TX) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.66 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.13. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the company posted $0.58 earnings per share. Ternium SA’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Ternium SA will post $3.05 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Ternium SA from a “neutral” rating to a “sell” rating in a research note on Monday, August 4th. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Ternium SA in a research note on Thursday, July 3rd. They now have a $29.90 price target on the stock, down previously from $30.20. Finally, analysts at TheStreet upgraded shares of Ternium SA 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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