Shares of Ternium SA (NYSE:TX) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $39.50.
TX has been the topic of several recent analyst reports. ValuEngine lowered shares of Ternium from a “sell” rating to a “strong sell” rating in a report on Friday, August 17th. Zacks Investment Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, Bank of America restated an “underperform” rating and issued a $32.00 price objective on shares of Ternium in a report on Thursday, August 16th.
Institutional investors have recently added to or reduced their stakes in the business. BB&T Securities LLC acquired a new stake in Ternium during the 2nd quarter worth approximately $214,000. Nordea Investment Management AB purchased a new stake in shares of Ternium in the 3rd quarter valued at approximately $242,000. Capital Fund Management S.A. purchased a new stake in shares of Ternium in the 2nd quarter valued at approximately $306,000. USA Financial Portformulas Corp purchased a new stake in shares of Ternium in the 3rd quarter valued at approximately $372,000. Finally, BlackRock Inc. increased its position in shares of Ternium by 75.9% in the 3rd quarter. BlackRock Inc. now owns 10,768 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 4,647 shares during the last quarter. Institutional investors own 18.57% of the company’s stock.
Shares of TX stock traded down $0.10 during trading hours on Thursday, hitting $29.87. The company had a trading volume of 7,440 shares, compared to its average volume of 549,468. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 2.01. Ternium has a fifty-two week low of $25.52 and a fifty-two week high of $42.43. The firm has a market cap of $6.01 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.55 and a beta of 0.89.
Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $2.49 EPS for the quarter, topping the consensus estimate of $1.60 by $0.89. Ternium had a net margin of 11.58% and a return on equity of 21.81%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the business posted $0.99 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts predict that Ternium will post 6.89 EPS for the current fiscal year.
Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including 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 and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.
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