Ternium S.A. (NYSE:TX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ternium S.A. (NYSE:TX) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $47.9444.

A number of analysts recently issued reports on TX shares. Wells Fargo & Company raised Ternium from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $43.00 to $45.00 in a report on Thursday, July 9th. Itau BBA Securities upgraded shares of Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price objective for the company in a research report on Sunday, May 24th. Wall Street Zen raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Bank of America raised shares of Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a report on Monday, April 13th. Finally, Bradesco Corretora upgraded shares of Ternium to an “outperform” rating and set a $62.00 price target for the company in a research report on Tuesday, May 19th.

Ternium Trading Up 2.2%

Shares of Ternium stock opened at $49.11 on Friday. The stock has a market capitalization of $9.85 billion, a P/E ratio of 16.88, a P/E/G ratio of 0.17 and a beta of 1.29. Ternium has a 52-week low of $30.44 and a 52-week high of $51.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.63. The stock’s 50-day simple moving average is $46.40 and its 200 day simple moving average is $43.69.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. The company had revenue of $3.93 billion for the quarter. As a group, research analysts anticipate that Ternium will post 5.71 EPS for the current year.

Hedge Funds Weigh In On Ternium

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TX. EverSource Wealth Advisors LLC raised its holdings in shares of Ternium by 49.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Ternium by 101.2% during the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 405 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Ternium during the fourth quarter worth about $36,000. Camelot Portfolios LLC purchased a new position in shares of Ternium during the fourth quarter worth about $38,000. Finally, Advisory Services Network LLC bought a new position in shares of Ternium in the third quarter worth approximately $38,000. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

About Ternium

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.