Ternium SA (TX) Given Average Recommendation of “Buy” by Brokerages
Ternium SA (NYSE:TX) has earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $31.10.
A number of research analysts recently issued reports on the company. ValuEngine upgraded Ternium from a “buy” rating to a “strong-buy” rating in a report on Saturday. Santander upgraded Ternium from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Morgan Stanley upgraded Ternium from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 6th. Finally, Zacks Investment Research upgraded Ternium from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Saturday, January 6th.
A number of institutional investors have recently bought and sold shares of the business. KAMES CAPITAL plc acquired a new stake in Ternium in the fourth quarter valued at $1,168,000. DnB Asset Management AS increased its position in shares of Ternium by 11.0% during the fourth quarter. DnB Asset Management AS now owns 34,200 shares of the basic materials company’s stock worth $1,080,000 after purchasing an additional 3,400 shares in the last quarter. Copper Rock Capital Partners LLC increased its position in shares of Ternium by 31.9% during the fourth quarter. Copper Rock Capital Partners LLC now owns 218,974 shares of the basic materials company’s stock worth $6,882,000 after purchasing an additional 53,005 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Ternium during the third quarter worth about $541,000. Finally, California Public Employees Retirement System increased its position in shares of Ternium by 58.3% during the third quarter. California Public Employees Retirement System now owns 325,519 shares of the basic materials company’s stock worth $10,068,000 after purchasing an additional 119,919 shares in the last quarter. Institutional investors own 19.29% of the company’s stock.
Ternium (NYSE:TX) last released its earnings results on Tuesday, October 31st. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.33. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.38 billion. Ternium had a return on equity of 15.49% and a net margin of 9.86%. Ternium’s revenue was up 33.6% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share. equities analysts anticipate that Ternium will post 3.98 earnings per share for the current fiscal year.
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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