Santander Upgrades Ternium (TX) to Buy

Ternium (NYSE:TX) was upgraded by research analysts at Santander from a “hold” rating to a “buy” rating in a research note issued on Monday, The Fly reports.

Several other equities analysts also recently commented on the company. Morgan Stanley upgraded Ternium from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 6th. Zacks Investment Research downgraded Ternium from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $30.50.

Shares of Ternium (NYSE:TX) traded up $0.56 during mid-day trading on Monday, hitting $30.00. The company had a trading volume of 494,200 shares, compared to its average volume of 409,967. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Ternium has a twelve month low of $22.17 and a twelve month high of $33.39. The company has a market cap of $6,014.22, a P/E ratio of 7.16 and a beta of 1.09.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.33. Ternium had a return on equity of 15.49% and a net margin of 9.86%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the company earned $1.17 EPS. Ternium’s revenue for the quarter was up 33.6% on a year-over-year basis. analysts anticipate that Ternium will post 3.98 EPS for the current year.

A number of institutional investors have recently bought and sold shares of TX. Schwab Charles Investment Management Inc. raised its position in shares of Ternium by 22.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 87,154 shares of the basic materials company’s stock worth $2,277,000 after acquiring an additional 15,696 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Ternium during the second quarter worth about $678,000. Sei Investments Co. raised its position in shares of Ternium by 443.2% during the second quarter. Sei Investments Co. now owns 14,698 shares of the basic materials company’s stock worth $413,000 after acquiring an additional 11,992 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Ternium by 647.4% during the second quarter. Canada Pension Plan Investment Board now owns 56,805 shares of the basic materials company’s stock worth $1,596,000 after acquiring an additional 49,205 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Ternium by 2.2% during the second quarter. Advisors Asset Management Inc. now owns 29,598 shares of the basic materials company’s stock worth $831,000 after acquiring an additional 634 shares during the last quarter. Hedge funds and other institutional investors own 19.27% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Ternium (NYSE:TX)