Ternium (TX) Hits New 1-Year High at $37.37

Ternium SA (NYSE:TX)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $37.37 and last traded at $37.60, with a volume of 647762 shares changing hands. The stock had previously closed at $35.60.

TX has been the topic of several recent research reports. Zacks Investment Research raised shares of Ternium from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Saturday, January 6th. ValuEngine raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 13th. Morgan Stanley raised shares of Ternium from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 6th. Santander raised shares of Ternium from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Finally, Scotiabank set a $43.00 price target on shares of Ternium and gave the stock a “buy” rating in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.60.

The stock has a market capitalization of $7,351.38, a price-to-earnings ratio of 8.75, a PEG ratio of 1.26 and a beta of 1.15. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 0.32.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.03). The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.57 billion. Ternium had a return on equity of 15.49% and a net margin of 9.86%. Ternium’s revenue was up 49.5% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. sell-side analysts forecast that Ternium SA will post 4.32 EPS for the current year.

A number of institutional investors have recently made changes to their positions in TX. Advisor Group Inc. boosted its stake in shares of Ternium by 141.1% during the 2nd 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. Envestnet Asset Management Inc. boosted its stake in shares of Ternium by 47.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 5,590 shares of the basic materials company’s stock valued at $177,000 after purchasing an additional 1,810 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Ternium during the 4th quarter valued at about $200,000. Investors Research Corp bought a new stake in shares of Ternium during the 4th quarter valued at about $205,000. Finally, Kovack Advisors Inc. bought a new stake in shares of Ternium during the 4th quarter valued at about $221,000. 19.23% of the stock is currently owned by institutional investors and hedge funds.

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About Ternium

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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