ValuEngine upgraded shares of Ternium (NYSE:TX) from a buy rating to a strong-buy rating in a research note published on Saturday, January 13th.
Several other equities research analysts also recently commented on TX. Zacks Investment Research downgraded shares of Ternium from a hold rating to a strong sell rating in a research note on Saturday, November 4th. Morgan Stanley upgraded shares of Ternium from an equal weight rating to an overweight rating in a research note on Wednesday, December 6th. Finally, Santander raised shares of Ternium from a hold rating to a buy rating in a report on Monday, December 18th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Ternium presently has a consensus rating of Buy and an average target price of $31.10.
Shares of Ternium (NYSE TX) opened at $33.18 on Friday. Ternium has a one year low of $22.22 and a one year high of $36.00. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company has a market cap of $6,745.95, a price-to-earnings ratio of 7.92, a PEG ratio of 1.16 and a beta of 1.15.
Several institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. increased its holdings in Ternium by 1.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 221,429 shares of the basic materials company’s stock valued at $6,995,000 after buying an additional 3,243 shares in the last quarter. Kovack Advisors Inc. purchased a new position in Ternium in the fourth quarter valued at $221,000. Deprince Race & Zollo Inc. increased its holdings in Ternium by 84.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 78,540 shares of the basic materials company’s stock valued at $2,481,000 after buying an additional 35,860 shares in the last quarter. Diversified Trust Co purchased a new position in Ternium in the fourth quarter valued at $200,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in Ternium by 412.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 83,857 shares of the basic materials company’s stock valued at $2,650,000 after buying an additional 67,498 shares in the last quarter. 19.36% of the stock is owned by hedge funds and other institutional investors.
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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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