Ternium SA (NYSE:TX) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $33.50.
TX has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Ternium from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, January 30th. Itau BBA Securities lowered Ternium from an “outperform” rating to a “market perform” rating in a report on Monday, January 14th. Credit Suisse Group downgraded Ternium from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 28th. Scotiabank downgraded Ternium from an “outperform” rating to a “sector perform” rating in a research note on Thursday, March 14th. Finally, ValuEngine raised Ternium from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of Ternium in the third quarter worth about $5,849,000. Northern Trust Corp boosted its position in Ternium by 633.9% during the fourth quarter. Northern Trust Corp now owns 160,327 shares of the basic materials company’s stock valued at $4,345,000 after buying an additional 138,482 shares during the period. Freestone Capital Holdings LLC boosted its position in Ternium by 96.6% during the fourth quarter. Freestone Capital Holdings LLC now owns 265,104 shares of the basic materials company’s stock valued at $7,184,000 after buying an additional 130,267 shares during the period. Prudential PLC purchased a new stake in Ternium during the fourth quarter valued at about $3,052,000. Finally, Renaissance Technologies LLC boosted its position in Ternium by 38.6% during the third quarter. Renaissance Technologies LLC now owns 386,000 shares of the basic materials company’s stock valued at $11,692,000 after buying an additional 107,554 shares during the period.
Shares of NYSE TX traded up $0.01 during midday trading on Wednesday, hitting $27.26. The company’s stock had a trading volume of 8,998 shares, compared to its average volume of 288,640. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 2.42. Ternium has a 1 year low of $25.52 and a 1 year high of $42.43. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 3.55, a PEG ratio of 0.80 and a beta of 0.86.
Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, February 19th. The basic materials company reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.17. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.73 billion. Ternium had a net margin of 13.17% and a return on equity of 23.04%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. Equities analysts predict that Ternium will post 4.55 EPS for the current fiscal year.
The company also recently disclosed an annual dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, May 9th will be given a dividend of $1.20 per share. This represents a dividend yield of 4.39%. The ex-dividend date of this dividend is Wednesday, May 8th. Ternium’s dividend payout ratio is presently 14.34%.
Ternium Company Profile
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 flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron; and sells energy.
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