Brokerages Set Ternium S.A. (NYSE:TX) Target Price at $46.35

Shares of Ternium S.A. (NYSE:TX) have received an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $46.35.

Several analysts recently commented on TX shares. Bradesco Corretora upgraded shares of Ternium to an “outperform” rating and set a $62.00 price target for the company in a research report on Tuesday, May 19th. Scotiabank reiterated a “sector perform” rating and issued a $40.00 price target on shares of Ternium in a research report on Thursday, March 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $57.00 price target on shares of Ternium in a research report on Friday, May 22nd. Wall Street Zen upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Finally, Itau BBA Securities upgraded shares of Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price objective for the company in a research report on Sunday, May 24th.

Ternium Stock Up 0.5%

TX stock opened at $49.81 on Thursday. The company has a fifty day moving average price of $45.17 and a 200 day moving average price of $42.08. Ternium has a 12 month low of $28.76 and a 12 month high of $51.73. The company has a market cap of $9.98 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 0.20 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.63 and a quick ratio of 1.53.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. The firm had revenue of $3.93 billion during the quarter. Sell-side analysts expect that Ternium will post 4.73 earnings per share for the current year.

Hedge Funds Weigh In On Ternium

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Ternium by 49.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after buying an additional 232 shares during the last quarter. Parallel Advisors LLC raised its position in Ternium by 101.3% during the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in Ternium during the 4th quarter worth $36,000. Camelot Portfolios LLC purchased a new position in Ternium during the 4th quarter worth $38,000. Finally, Advisory Services Network LLC purchased a new position in Ternium during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.

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.