Ternium SA Given Consensus Rating of “Hold” by Analysts (NYSE:TX)
Ternium SA (NYSE:TX) has received a consensus rating of “Hold” from the six analysts that are currently covering the company, AmericanBankingNews.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $28.97.
Ternium SA (NYSE:TX) opened at 25.90 on Wednesday. Ternium SA has a 1-year low of $23.66 and a 1-year high of $32.99. The stock’s 50-day moving average is $27. and its 200-day moving average is $28.73. The company has a market cap of $5.084 billion and a P/E ratio of 10.10.
Ternium SA (NYSE:TX) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that Ternium SA will post $3.05 EPS for the current fiscal year.
A number of research firms have recently commented on TX. 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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