Shares of Ternium SA (NYSE:TX) have received a consensus rating of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $34.00.
A number of brokerages have recently issued reports on TX. Zacks Investment Research cut Ternium from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised Ternium from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Scotiabank set a $43.00 target price on Ternium and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Santander raised Ternium from a “hold” rating to a “buy” rating in a research note on Monday, December 18th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its holdings in Ternium by 61.5% in the second quarter. State Street Corp now owns 169,558 shares of the basic materials company’s stock worth $4,764,000 after buying an additional 64,542 shares during the period. First Trust Advisors LP purchased a new stake in Ternium in the third quarter worth about $317,000. Sei Investments Co. lifted its holdings in Ternium by 57.9% in the third quarter. Sei Investments Co. now owns 23,211 shares of the basic materials company’s stock worth $718,000 after buying an additional 8,513 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Ternium in the third quarter worth about $391,000. Finally, Trexquant Investment LP purchased a new stake in Ternium in the third quarter worth about $317,000. 18.99% of the stock is currently owned by institutional investors.
Shares of NYSE:TX traded down $0.37 on Friday, reaching $34.25. 270,229 shares of the company traded hands, compared to its average volume of 235,999. Ternium has a 52 week low of $22.78 and a 52 week high of $39.48. The stock has a market capitalization of $6,940.41, a P/E ratio of 7.59 and a beta of 1.15. The company has a current ratio of 1.55, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31.
Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.03). Ternium had a net margin of 9.28% and a return on equity of 15.65%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 49.5% compared to the same quarter last year. research analysts predict that Ternium will post 4.18 EPS for the current year.
The firm also recently announced an annual dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, May 7th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 4th. This is a boost from Ternium’s previous annual dividend of $0.90. This represents a dividend yield of 3.28%. Ternium’s dividend payout ratio (DPR) is presently 22.17%.
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Ternium Company Profile
Ternium SA manufactures and processes various steel products in Mexico, Argentina, Bolivia, Chile, Paraguay, Uruguay, Colombia, the United States, Central America, and internationally. The company operates in two segments, Steel and Mining. The Steel segment offers steel products, such as slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets, pre-painted sheets, steel pipes and tubular products, beams, roll formed products, and other products.
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