Ternium S.A. (NYSE:TX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Ternium S.A. (NYSE:TX) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $36.0625.

Several research analysts have commented on TX shares. Wall Street Zen lowered Ternium from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “hold (c)” rating on shares of Ternium in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on Ternium from $39.00 to $40.50 and gave the company an “overweight” rating in a research note on Friday, October 17th. Wells Fargo & Company boosted their price objective on Ternium from $30.00 to $34.00 and gave the company an “underweight” rating in a research report on Wednesday, January 21st. Finally, UBS Group boosted their price target on shares of Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Monday, December 15th.

Ternium Stock Performance

Shares of TX stock opened at $43.22 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.42 and a debt-to-equity ratio of 0.10. The company has a market cap of $8.66 billion, a PE ratio of 14.55 and a beta of 1.34. The company’s fifty day simple moving average is $40.01 and its 200-day simple moving average is $36.36. Ternium has a 52 week low of $24.00 and a 52 week high of $44.95.

Institutional Investors Weigh In On Ternium

A number of institutional investors and hedge funds have recently modified their holdings of TX. Camelot Portfolios LLC purchased a new position in shares of Ternium in the fourth quarter worth approximately $38,000. Deprince Race & Zollo Inc. raised its position in Ternium by 17.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 118,482 shares of the basic materials company’s stock valued at $4,525,000 after buying an additional 17,461 shares during the period. SG Americas Securities LLC purchased a new stake in Ternium in the 4th quarter worth about $736,000. GAMMA Investing LLC boosted its position in Ternium by 56.4% during the 4th quarter. GAMMA Investing LLC now owns 1,659 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 598 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Ternium by 142.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 736 shares during the period. 11.98% of the stock is owned by institutional investors and hedge funds.

Ternium Company Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.