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

Ternium S.A. (NYSE:TX) has received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with 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 brokerages that have issued a report on the stock in the last year is $47.9444.

Several research firms have recently issued reports on TX. Bank of America raised shares of Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Monday, April 13th. Wells Fargo & Company raised shares of Ternium from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $43.00 to $45.00 in a research report on Thursday, July 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $57.00 price target on shares of Ternium in a report on Friday, May 22nd. Wall Street Zen upgraded Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, Bradesco Corretora raised Ternium to an “outperform” rating and set a $62.00 target price for the company in a research report on Tuesday, May 19th.

Ternium Stock Performance

NYSE TX opened at $51.97 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.53. Ternium has a 1-year low of $31.05 and a 1-year high of $53.98. The firm has a market capitalization of $10.42 billion, a P/E ratio of 14.60, a P/E/G ratio of 0.19 and a beta of 1.25. The business’s 50-day simple moving average is $46.66 and its 200-day simple moving average is $44.02.

Ternium (NYSE:TX) last posted its earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share (EPS) for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The firm had revenue of $4.34 billion during the quarter. Equities analysts predict that Ternium will post 5.71 EPS for the current year.

Hedge Funds Weigh In On Ternium

A number of institutional investors and hedge funds have recently bought and sold shares of TX. O Shaughnessy Asset Management LLC increased its stake in shares of Ternium by 1.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,232 shares of the basic materials company’s stock valued at $505,000 after purchasing an additional 231 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Ternium by 49.2% in 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 in the last quarter. GAMMA Investing LLC raised its position in Ternium by 18.0% in the second quarter. GAMMA Investing LLC now owns 2,166 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 331 shares in the last quarter. Parallel Advisors LLC raised its holdings 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 worth $32,000 after purchasing an additional 405 shares in the last quarter. Finally, Caxton Associates LLP lifted its position in shares of Ternium by 2.8% during the 2nd quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company’s stock valued at $536,000 after acquiring an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

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.