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

Shares of Ternium S.A. (NYSE:TX) have received an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $46.55.

A number of brokerages have recently issued reports on TX. UBS Group upped their target price on shares of Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Zacks Research upgraded Ternium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Itau BBA Securities raised Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a research report on Sunday, May 24th. The Goldman Sachs Group restated a “buy” rating and issued a $57.00 price objective on shares of Ternium in a research note on Friday, May 22nd. Finally, Bank of America raised 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.

Ternium Price Performance

NYSE:TX opened at $44.22 on Monday. The stock has a market capitalization of $8.87 billion, a PE ratio of 15.20, a P/E/G ratio of 0.14 and a beta of 1.29. Ternium has a 1-year low of $29.98 and a 1-year high of $51.73. The firm has a fifty day simple moving average of $46.01 and a 200 day simple moving average of $42.96. The company has a current ratio of 2.63, a quick ratio of 1.53 and a debt-to-equity ratio of 0.14.

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

Institutional Investors Weigh In On Ternium

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in Ternium by 49.2% during 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 during the last quarter. Parallel Advisors LLC increased its holdings in shares of Ternium by 101.2% in the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Ternium in the fourth quarter valued at about $36,000. Camelot Portfolios LLC bought a new position in shares of Ternium in the fourth quarter valued at about $38,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Ternium during the 3rd quarter worth about $38,000. 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.