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

Ternium S.A. (NYSE:TX) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $40.9375.

A number of analysts recently weighed in on TX shares. UBS Group increased their price target on shares of Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Weiss Ratings upgraded shares of Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Scotiabank restated a “sector perform” rating and set a $40.00 price objective on shares of Ternium in a research report on Thursday, March 26th. Bank of America upgraded 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. Finally, Zacks Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th.

Ternium Stock Up 0.9%

Shares of NYSE:TX opened at $43.38 on Wednesday. The stock has a market cap of $8.70 billion, a P/E ratio of 20.08 and a beta of 1.27. The firm has a fifty day moving average price of $40.98 and a 200 day moving average price of $39.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.49 and a quick ratio of 1.45. Ternium has a 1-year low of $27.12 and a 1-year high of $45.57.

Ternium (NYSE:TX) last issued its quarterly earnings results on Saturday, February 14th. The basic materials company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.15). The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. Ternium had a return on equity of 3.06% and a net margin of 2.72%.The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.42) EPS. Sell-side analysts predict that Ternium will post 4.18 EPS for the current year.

Ternium Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, May 14th. This represents a yield of 413.0%. Ternium’s dividend payout ratio is presently 83.33%.

Hedge Funds Weigh In On Ternium

A number of large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its position in Ternium by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,232 shares of the basic materials company’s stock worth $505,000 after buying an additional 231 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 valued at $27,000 after purchasing an additional 232 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ternium by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 303 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Ternium by 17.5% in the 3rd quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 335 shares in the last quarter. Finally, Caxton Associates LLP increased its holdings in shares of Ternium by 2.8% in the 2nd quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company’s stock valued at $536,000 after purchasing an additional 484 shares in 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.