Shares of Ternium SA (NYSE:TX) have earned a consensus rating of “Hold” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $19.79.
Several analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Ternium from an “overweight” rating to a “neutral” rating and set a $18.50 price target on the stock. in a report on Monday, June 22nd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Ternium in a report on Monday, April 20th. TheStreet downgraded shares of Ternium from a “b-” rating to a “c” rating in a report on Thursday, April 23rd. Citigroup raised shares of Ternium from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, April 20th. Finally, Zacks Investment Research downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research note on Friday, July 10th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Oldfield Partners LLP increased its position in Ternium by 17.2% during the first quarter. Oldfield Partners LLP now owns 2,927,832 shares of the basic materials company’s stock worth $34,841,000 after purchasing an additional 429,300 shares during the last quarter. Prudential PLC increased its position in Ternium by 10.3% during the second quarter. Prudential PLC now owns 2,033,422 shares of the basic materials company’s stock worth $30,847,000 after purchasing an additional 189,937 shares during the last quarter. Cape Ann Asset Management Ltd increased its position in Ternium by 12.2% during the first quarter. Cape Ann Asset Management Ltd now owns 1,716,645 shares of the basic materials company’s stock worth $20,428,000 after purchasing an additional 186,306 shares during the last quarter. Westwood Global Investments LLC increased its position in Ternium by 7.6% during the first quarter. Westwood Global Investments LLC now owns 1,296,530 shares of the basic materials company’s stock worth $15,429,000 after purchasing an additional 91,242 shares during the last quarter. Finally, INCA Investments LLC acquired a new position in Ternium during the first quarter worth approximately $9,828,000. 18.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE TX opened at $14.41 on Tuesday. Ternium has a 12-month low of $9.59 and a 12-month high of $23.65. The company has a market capitalization of $2.83 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 2.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.17 and a quick ratio of 1.12. The firm’s 50-day moving average is $15.10 and its two-hundred day moving average is $16.05.
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.
See Also: Net Income
Receive News & Ratings for Ternium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium and related companies with MarketBeat.com's FREE daily email newsletter.