Ternium S.A. (NYSE:TX) Receives Consensus Recommendation of “Hold” from Analysts

Ternium S.A. (NYSE:TX) has received a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $32.8333.

Several analysts have recently issued reports on the stock. Scotiabank dropped their target price on shares of Ternium from $53.00 to $41.00 and set a “sector outperform” rating on the stock in a research report on Thursday, July 17th. Morgan Stanley cut shares of Ternium from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective for the company. in a research note on Monday, July 21st. Finally, Wells Fargo & Company raised shares of Ternium to a “strong sell” rating in a research note on Thursday, August 14th.

Ternium Stock Up 1.2%

Shares of NYSE TX opened at $32.31 on Friday. The company’s 50-day simple moving average is $31.36 and its 200-day simple moving average is $30.01. Ternium has a 52-week low of $24.00 and a 52-week high of $37.98. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 10.66 and a beta of 1.53. The company has a quick ratio of 1.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, July 29th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.62. Ternium had a net margin of 3.66% and a return on equity of 1.95%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same quarter last year, the business earned ($0.11) earnings per share. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. Equities analysts predict that Ternium will post 4.37 EPS for the current fiscal year.

Institutional Trading of Ternium

Several large investors have recently bought and sold shares of TX. Envestnet Asset Management Inc. grew its stake in Ternium by 8.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 32,080 shares of the basic materials company’s stock valued at $933,000 after acquiring an additional 2,462 shares in the last quarter. Renaissance Technologies LLC grew its stake in Ternium by 10.4% during the 4th quarter. Renaissance Technologies LLC now owns 304,400 shares of the basic materials company’s stock valued at $8,852,000 after acquiring an additional 28,700 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Ternium by 500.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. Aquatic Capital Management LLC boosted its holdings in Ternium by 28.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 482 shares during the last quarter. Finally, Bearing Point Capital LLC acquired a new position in Ternium in the 4th quarter valued at about $459,000. Hedge funds and other 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.