StockNews.com Upgrades Ternium (NYSE:TX) to Strong-Buy

Ternium (NYSE:TX) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

Several other research analysts have also recently commented on TX. The Goldman Sachs Group increased their price target on Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. TheStreet raised shares of Ternium from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Ternium from $48.00 to $51.50 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $50.83.

Ternium Price Performance

TX stock opened at $40.25 on Tuesday. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.07 billion, a PE ratio of 11.94 and a beta of 1.69. The stock has a 50-day moving average price of $41.44 and a two-hundred day moving average price of $39.99. Ternium has a 1 year low of $35.22 and a 1 year high of $45.58.

Ternium (NYSE:TX) last announced its earnings results on Wednesday, April 24th. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.54. Ternium had a return on equity of 10.21% and a net margin of 3.53%. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.77 billion. During the same quarter last year, the firm earned $1.91 EPS. Ternium’s revenue for the quarter was up 31.9% compared to the same quarter last year. Equities analysts forecast that Ternium will post 6.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Ternium

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Ternium by 19.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 287 shares during the period. WealthTrust Axiom LLC increased its stake in Ternium by 1.0% during the 4th quarter. WealthTrust Axiom LLC now owns 29,400 shares of the basic materials company’s stock worth $1,249,000 after acquiring an additional 300 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Ternium by 49.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 350 shares in the last quarter. Key Financial Inc lifted its position in shares of Ternium by 5,900.0% during the 4th quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 590 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in shares of Ternium by 9.2% during the 4th quarter. QRG Capital Management Inc. now owns 7,359 shares of the basic materials company’s stock worth $313,000 after purchasing an additional 622 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Company Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.