Ternium S.A. (TX) Receives Average Rating of “Buy” from Analysts
Shares of Ternium S.A. (NYSE:TX) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $30.13.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Ternium from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co restated an “overweight” rating and set a $35.00 price objective (up from $33.00) on shares of Ternium in a research report on Friday, July 21st. BidaskClub downgraded Ternium from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Credit Suisse Group restated a “hold” rating and set a $24.00 price objective on shares of Ternium in a research report on Thursday, August 3rd.
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Shares of Ternium (NYSE:TX) traded down 5.19% during trading on Wednesday, reaching $29.40. The company’s stock had a trading volume of 431,781 shares. The stock’s 50 day moving average price is $31.35 and its 200 day moving average price is $28.58. The company has a market cap of $5.77 billion, a PE ratio of 6.72 and a beta of 1.08. Ternium has a 52 week low of $21.62 and a 52 week high of $33.39.
Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.33. Ternium had a return on equity of 16.61% and a net margin of 11.05%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the company earned $1.17 EPS. Ternium’s revenue for the quarter was up 33.6% on a year-over-year basis. Equities research analysts predict that Ternium will post $4.15 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. lifted its holdings in shares of Ternium by 141.1% in the second quarter. Advisor Group Inc. now owns 4,067 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 2,380 shares in the last quarter. Cypress Capital Management LLC WY lifted its holdings in Ternium by 357.3% during the second quarter. Cypress Capital Management LLC WY now owns 5,030 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 3,930 shares during the period. Advisors Preferred LLC bought a new stake in Ternium during the second quarter worth $153,000. Liberty Mutual Group Asset Management Inc. bought a new stake in Ternium during the first quarter worth $204,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Ternium during the second quarter worth $204,000. Institutional investors own 19.14% of the company’s stock.
Ternium Company Profile
Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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