Wells Fargo & Company Issues Positive Forecast for Ternium (NYSE:TX) Stock Price

Ternium (NYSE:TX) had its price objective upped by Wells Fargo & Company from $36.00 to $43.00 in a research note issued to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the basic materials company’s stock.

Several other research analysts have also issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $49.00 price target on shares of Ternium in a report on Friday, April 24th. Bank of America upgraded Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, April 13th. Scotiabank reiterated a “sector perform” rating and issued a $40.00 price target on shares of Ternium in a report on Thursday, March 26th. Weiss Ratings upgraded Ternium from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Finally, UBS Group increased their price target on Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.81.

Ternium Trading Up 1.0%

NYSE TX traded up $0.44 during trading hours on Thursday, hitting $46.66. 40,527 shares of the company’s stock were exchanged, compared to its average volume of 231,647. The stock has a 50-day simple moving average of $41.16 and a 200 day simple moving average of $39.96. Ternium has a 1-year low of $27.12 and a 1-year high of $49.69. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 16.04 and a beta of 1.26. The company has a current ratio of 2.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.14.

Ternium (NYSE:TX) last released its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%.The business had revenue of $3.93 billion during the quarter. On average, equities analysts forecast that Ternium will post 4.18 EPS for the current fiscal year.

Ternium Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, May 14th will be issued a $0.90 dividend. This represents a dividend yield of 413.0%. The ex-dividend date is Thursday, May 14th. Ternium’s dividend payout ratio (DPR) is currently 61.86%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its holdings in shares of Ternium by 0.9% in the fourth quarter. Lazard Asset Management LLC now owns 5,866,281 shares of the basic materials company’s stock valued at $224,033,000 after purchasing an additional 52,711 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in Ternium by 1.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock worth $145,452,000 after acquiring an additional 66,062 shares during the period. Schroder Investment Management Group lifted its holdings in Ternium by 4.7% during the third quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock worth $79,159,000 after acquiring an additional 101,748 shares during the period. Cape Ann Asset Management Ltd lifted its holdings in Ternium by 20.5% during the fourth quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock worth $40,812,000 after acquiring an additional 182,000 shares during the period. Finally, Prudential PLC lifted its holdings in Ternium by 5.5% during the third quarter. Prudential PLC now owns 717,593 shares of the basic materials company’s stock worth $24,922,000 after acquiring an additional 37,408 shares during the period. Institutional investors own 11.98% of the company’s stock.

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.