Ternium S.A. (NYSE:TX) Receives Consensus Rating of “Moderate Buy” from Analysts

Ternium S.A. (NYSE:TX) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $46.35.

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Ternium from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Wells Fargo & Company increased their price objective on shares of Ternium from $36.00 to $43.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Bradesco Corretora raised shares of Ternium to an “outperform” rating and set a $62.00 target price on the stock in a research note on Tuesday, May 19th. Zacks Research upgraded Ternium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, UBS Group boosted their target price on Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd.

Hedge Funds Weigh In On Ternium

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in Ternium by 49.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 232 shares during the period. Parallel Advisors LLC grew its stake in shares of Ternium by 101.2% in the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after buying an additional 405 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Ternium during the 4th quarter worth approximately $36,000. Camelot Portfolios LLC acquired a new stake in shares of Ternium during the 4th quarter worth approximately $38,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Ternium during the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Stock Down 0.0%

NYSE TX opened at $41.74 on Monday. The business has a fifty day moving average price of $46.00 and a 200 day moving average price of $42.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.63. The company has a market cap of $8.37 billion, a P/E ratio of 14.35, a P/E/G ratio of 0.13 and a beta of 1.29. Ternium has a one year low of $29.98 and a one year high of $51.73.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. The company had revenue of $3.93 billion for the quarter. Research analysts anticipate that Ternium will post 6.13 EPS for the current fiscal year.

About Ternium

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.