Shares of Ternium SA (NYSE:TX) have received a consensus recommendation of “Buy” from the nine research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $31.10.
A number of research firms have commented on TX. ValuEngine upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. Zacks Investment Research upgraded shares of 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. Santander upgraded shares of Ternium from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Finally, Morgan Stanley upgraded shares of Ternium from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 6th.
Ternium (NYSE TX) traded down $1.15 during mid-day trading on Monday, hitting $33.45. 414,639 shares of the company’s stock were exchanged, compared to its average volume of 407,658. Ternium has a one year low of $22.17 and a one year high of $34.68. The company has a market cap of $6,710.00, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.68.
Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.33. Ternium had a net margin of 9.86% and a return on equity of 15.49%. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the previous year, the firm earned $1.17 EPS. Ternium’s revenue was up 33.6% on a year-over-year basis. sell-side analysts anticipate that Ternium will post 4.31 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TX. Advisor Group Inc. raised its holdings in shares of Ternium by 141.1% in the 2nd quarter. Advisor Group Inc. now owns 4,067 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 2,380 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Ternium in the 2nd quarter worth approximately $204,000. Stevens Capital Management LP bought a new stake in shares of Ternium in the 3rd quarter worth approximately $238,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Ternium in the 3rd quarter worth approximately $271,000. Finally, Atria Investments LLC increased its position in shares of Ternium by 22.5% in the fourth quarter. Atria Investments LLC now owns 9,952 shares of the basic materials company’s stock worth $314,000 after acquiring an additional 1,825 shares in the last quarter. Institutional investors and hedge funds own 19.29% of the company’s stock.
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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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