Ternium S.A. (NYSE:TX) Receives $54.50 Average PT from Analysts

Ternium S.A. (NYSE:TX) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $54.50.

A number of research firms have issued reports on TX. Zacks Research upgraded Ternium from a “hold” rating to a “strong-buy” rating in a report on Friday, September 11th. Weiss Ratings raised shares of Ternium from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Wells Fargo & Company raised shares of Ternium from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $43.00 to $45.00 in a research note on Thursday, July 9th. HSBC reaffirmed a “hold” rating and set a $55.00 target price (up from $53.00) on shares of Ternium in a research note on Friday, August 21st. Finally, JPMorgan Chase & Co. boosted their price target on Ternium from $60.50 to $67.50 and gave the stock an “overweight” rating in a research report on Friday, September 4th.

Institutional Investors Weigh In On Ternium

A number of institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 232 shares in the last quarter. Parallel Advisors LLC increased its stake in Ternium by 101.2% during the 1st 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 in the last quarter. GAMMA Investing LLC raised its holdings 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 buying an additional 331 shares during the last quarter. Ritholtz Wealth Management purchased a new position in Ternium in the first quarter worth about $208,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Ternium in the first quarter worth approximately $210,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Ternium Stock Performance

Ternium stock opened at $55.95 on Friday. Ternium has a fifty-two week low of $33.01 and a fifty-two week high of $58.73. The stock’s 50 day simple moving average is $53.39 and its two-hundred day simple moving average is $47.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.43 and a current ratio of 2.58. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.17 and a beta of 1.25.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share (EPS) for the quarter. Ternium had a return on equity of 4.26% and a net margin of 4.37%.The firm had revenue of $4.34 billion during the quarter. As a group, analysts expect that Ternium will post 6.54 earnings per share for the current fiscal year.

About Ternium

Ternium SA (NYSE: TX) is a steel producer serving customers across the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, slabs, billets, hot- and cold-rolled steel, galvanized steel, tinplate, rebar and wire rod.

Its products are used in a variety of industries, including automotive manufacturing, construction, appliances, energy, machinery and transportation. Ternium operates an integrated production network with steelmaking, rolling, finishing and distribution facilities, allowing it to supply both commodity and value-added steel products.

Ternium has operations and commercial activities in countries including Mexico, Argentina, Brazil, Colombia, the United States and several other Latin American markets.