Ternium SA (TX) Receives Average Rating of “Hold” from Analysts
Shares of Ternium SA (NYSE:TX) have earned a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $33.50.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Ternium from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, February 15th. Credit Suisse Group cut shares of Ternium from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 28th. ValuEngine lowered shares of Ternium from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 20th. Itau BBA Securities lowered shares of Ternium from an “outperform” rating to a “market perform” rating in a research note on Monday, January 14th. Finally, Scotiabank lowered shares of Ternium from an “outperform” rating to a “sector perform” rating in a research note on Thursday, March 14th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of Ternium during the 4th quarter worth approximately $26,000. Financial Gravity Companies Inc. acquired a new stake in Ternium during the 4th quarter worth about $38,000. Quantamental Technologies LLC acquired a new stake in Ternium during the 4th quarter worth about $57,000. Employees Retirement System of Texas acquired a new stake in Ternium during the 4th quarter worth about $83,000. Finally, PNC Financial Services Group Inc. boosted its position in Ternium by 83.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,468 shares of the basic materials company’s stock worth $94,000 after acquiring an additional 1,578 shares during the period.
Ternium (NYSE:TX) last announced its earnings results on Tuesday, February 19th. The basic materials company reported $1.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.17. Ternium had a net margin of 13.17% and a return on equity of 23.04%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts forecast that Ternium will post 4.55 earnings per share for the current fiscal year.
The firm also recently disclosed an annual dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, May 9th will be paid a $1.20 dividend. This represents a dividend yield of 4.39%. The ex-dividend date of this dividend is Wednesday, May 8th. Ternium’s payout ratio is 14.34%.
Ternium Company Profile
Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron; and sells energy.
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