Ternium S.A. (NYSE:TX) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Saturday.

According to Zacks, “Ternium is the leading producer of flat and long steel products of Latin America and consolidates the operations of the steel companies Hylsa in Mexico, Siderar in Argentina and Sidor in Venezuela. It create value with our customers, jointly improving competitiveness and productivity, through a highly efficient industrial and technological base and a global commercial network. “

Other equities analysts have also recently issued research reports about the stock. J P Morgan Chase & Co reiterated an “overweight” rating and set a $35.00 price target (up previously from $33.00) on shares of Ternium in a research report on Friday, July 21st. Credit Suisse Group restated a “hold” rating and issued a $24.00 price objective on shares of Ternium in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of Ternium from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $30.50.

Ternium (NYSE TX) opened at $29.31 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.60 and a debt-to-equity ratio of 0.32. The stock has a market cap of $5,982.15, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 0.43 and a beta of 1.12.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.33. Ternium had a net margin of 9.86% and a return on equity of 15.49%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. analysts forecast that Ternium will post 3.82 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners grew its stake in shares of Ternium by 2,791.3% in the 2nd quarter. Boston Partners now owns 2,408,523 shares of the basic materials company’s stock worth $67,655,000 after buying an additional 2,325,221 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Ternium by 11.0% during the 2nd quarter. Acadian Asset Management LLC now owns 6,694,437 shares of the basic materials company’s stock valued at $188,048,000 after buying an additional 661,707 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Ternium by 174.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 906,696 shares of the basic materials company’s stock valued at $25,469,000 after buying an additional 576,021 shares in the last quarter. TT International lifted its holdings in Ternium by 50.9% during the 2nd quarter. TT International now owns 869,423 shares of the basic materials company’s stock valued at $24,422,000 after buying an additional 293,260 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its holdings in Ternium by 83.9% during the 2nd quarter. Dupont Capital Management Corp now owns 487,384 shares of the basic materials company’s stock valued at $13,691,000 after buying an additional 222,332 shares in the last quarter. 19.14% of the stock is owned by institutional investors.

Ternium Company Profile

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

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