Ternium (NYSE:TX) Stock Rating Upgraded by Wall Street Zen

Ternium (NYSE:TX) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other brokerages also recently issued reports on TX. Weiss Ratings raised shares of Ternium from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Wells Fargo & Company boosted their target price on shares of Ternium from $36.00 to $43.00 and gave the company an “underweight” rating in a research report on Thursday. The Goldman Sachs Group reiterated a “buy” rating and issued a $49.00 price target on shares of Ternium in a research report on Friday, April 24th. Zacks Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $40.00 price target on shares of Ternium in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.81.

Ternium Stock Performance

Shares of NYSE TX opened at $46.89 on Friday. The firm’s 50-day moving average price is $41.16 and its 200-day moving average price is $39.96. The company has a quick ratio of 1.53, a current ratio of 2.63 and a debt-to-equity ratio of 0.14. The company has a market cap of $9.40 billion, a PE ratio of 16.11 and a beta of 1.26. Ternium has a 52-week low of $27.12 and a 52-week high of $49.69.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. The firm had revenue of $3.93 billion for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. As a group, analysts anticipate that Ternium will post 4.04 EPS for the current year.

Institutional Investors Weigh In On Ternium

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in Ternium by 49.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Parallel Advisors LLC increased its position in Ternium by 101.3% in the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in Ternium in the fourth quarter worth $36,000. Camelot Portfolios LLC bought a new stake in Ternium in the fourth quarter worth $38,000. Finally, Advisory Services Network LLC bought a new stake in Ternium in the third quarter worth $38,000. Institutional investors own 11.98% of the company’s stock.

Ternium Company Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot?rolled and cold?rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.