Scotiabank reiterated their buy rating on shares of Ternium (NYSE:TX) in a report issued on Friday morning. The firm currently has a $47.00 target price on the basic materials company’s stock.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut Ternium from a strong-buy rating to a hold rating in a research report on Thursday, January 25th. ValuEngine upgraded Ternium from a buy rating to a strong-buy rating in a research report on Saturday, January 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $35.25.
Shares of NYSE:TX opened at $37.85 on Friday. Ternium has a fifty-two week low of $22.78 and a fifty-two week high of $39.48. The firm has a market capitalization of $7,660.11, a price-to-earnings ratio of 8.39 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 results on Tuesday, February 20th. The basic materials company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the company earned $0.60 earnings per share. The business’s revenue was up 49.5% on a year-over-year basis. research analysts predict that Ternium will post 4.18 EPS for the current fiscal year.
The business also recently declared an annual dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th will be given a $1.10 dividend. This represents a yield of 3.28%. This is a boost from Ternium’s previous annual dividend of $0.90. The ex-dividend date of this dividend is Friday, May 4th. Ternium’s dividend payout ratio is 22.17%.
Several hedge funds have recently made changes to their positions in TX. Investec Asset Management LTD grew its holdings in shares of Ternium by 57.1% during the fourth quarter. Investec Asset Management LTD now owns 2,113,400 shares of the basic materials company’s stock worth $66,762,000 after purchasing an additional 768,316 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Ternium during the fourth quarter worth $9,883,000. Oldfield Partners LLP grew its holdings in shares of Ternium by 16.7% during the fourth quarter. Oldfield Partners LLP now owns 1,932,604 shares of the basic materials company’s stock worth $61,051,000 after purchasing an additional 276,650 shares during the last quarter. Compass Group LLC bought a new stake in shares of Ternium during the fourth quarter worth $6,996,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Ternium during the fourth quarter worth $4,138,000. Institutional investors own 17.83% of the company’s stock.
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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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