Ternium S.A. (NYSE:TX) Stock Has Average Price Target of $55.72

Shares of Ternium S.A. (NYSE:TX) have received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $55.72.

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Ternium from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 6th. Wall Street Zen upgraded Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. HSBC reissued a “hold” rating and set a $55.00 price target (up from $53.00) on shares of Ternium in a report on Friday, August 21st. JPMorgan Chase & Co. boosted their price target on Ternium from $60.50 to $67.50 and gave the company an “overweight” rating in a research note on Friday, September 4th. Finally, UBS Group upped their price objective on Ternium from $56.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, August 27th.

Institutional Investors Weigh In On Ternium

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in 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. GAMMA Investing LLC boosted its holdings in Ternium by 18.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,166 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 331 shares during the period. Ritholtz Wealth Management bought a new stake in Ternium in the 1st quarter valued at about $208,000. Janney Montgomery Scott LLC acquired a new position in shares of Ternium during the 1st quarter worth approximately $210,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of Ternium during the 1st quarter worth approximately $264,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Price Performance

Shares of TX opened at $58.99 on Wednesday. The firm has a market capitalization of $11.83 billion, a PE ratio of 16.57, a PEG ratio of 0.17 and a beta of 1.17. The company’s 50-day moving average is $55.91 and its 200-day moving average is $48.81. Ternium has a fifty-two week low of $33.01 and a fifty-two week high of $59.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.43.

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. The company had revenue of $4.34 billion during the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. Equities analysts forecast that Ternium will post 6.54 EPS for the current year.

Ternium Company Profile

Ternium SA (NYSE: TX) is a steel producer serving customers primarily in the Americas. The company manufactures a broad range of steel products, including flat steel, long steel, slabs, billets, galvanized and pre-painted steel, and other value-added products used in construction, automotive manufacturing, appliances, energy, machinery, and other industrial applications.

Ternium operates an integrated steelmaking and processing network with production and distribution activities in countries including Mexico, Brazil, Argentina, Colombia, and the United States.