ValuEngine Upgrades Ternium (TX) to “Strong-Buy”

ValuEngine upgraded shares of Ternium (NYSE:TX) from a buy rating to a strong-buy rating in a research note released on Monday morning.

A number of other equities analysts also recently weighed in on the company. Santander raised Ternium from a hold rating to a buy rating in a research report on Monday, December 18th. Zacks Investment Research raised Ternium from a hold rating to a buy rating and set a $35.00 price target on the stock in a research report on Saturday, January 6th. Morgan Stanley raised Ternium from an equal weight rating to an overweight rating in a research report on Wednesday, December 6th. Finally, Scotiabank set a $43.00 price target on Ternium and gave the stock a buy rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ternium presently has a consensus rating of Buy and an average target price of $34.25.

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Shares of NYSE TX opened at $34.62 on Monday. The company has a market cap of $6,707.86, a price-to-earnings ratio of 7.42 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 1.55. Ternium has a twelve month low of $22.78 and a twelve month high of $39.48.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.03). The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.57 billion. Ternium had a return on equity of 15.65% and a net margin of 9.28%. Ternium’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. analysts anticipate that Ternium will post 3.51 earnings per share for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, May 7th will be issued a dividend of $1.10 per share. This represents a dividend yield of 3.28%. The ex-dividend date is Friday, May 4th. This is a boost from Ternium’s previous annual dividend of $0.90. Ternium’s payout ratio is currently 22.17%.

Several large investors have recently modified their holdings of TX. Investec Asset Management LTD boosted its holdings in shares of Ternium by 57.1% during the fourth quarter. Investec Asset Management LTD now owns 2,113,400 shares of the basic materials company’s stock worth $66,762,000 after acquiring an additional 768,316 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Ternium during the fourth quarter worth approximately $9,883,000. Oldfield Partners LLP boosted its holdings in shares of Ternium by 16.7% during the fourth quarter. Oldfield Partners LLP now owns 1,932,604 shares of the basic materials company’s stock worth $61,051,000 after acquiring an additional 276,650 shares during the period. Compass Group LLC bought a new stake in shares of Ternium during the fourth quarter worth approximately $6,996,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Ternium during the fourth quarter worth approximately $4,138,000. Institutional investors own 18.99% of the company’s stock.

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About Ternium

Ternium SA manufactures and processes various steel products in Mexico, Argentina, Bolivia, Chile, Paraguay, Uruguay, Colombia, the United States, Central America, and internationally. The company operates in two segments, Steel and Mining. The Steel segment offers steel products, such as slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets, pre-painted sheets, steel pipes and tubular products, beams, roll formed products, and other products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ternium (NYSE:TX)

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