Ternium SA (NYSE:TX) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Ternium SA (NYSE:TX) have earned an average recommendation of “Buy” from the eight analysts that are currently covering the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $22.68.
Several research analysts recently issued reports on TX shares. Zacks Investment Research upgraded Ternium SA from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Saturday, August 6th. JPMorgan Chase & Co. lifted their price objective on Ternium SA from $27.00 to $29.50 and gave the stock an “overweight” rating in a research report on Friday, August 5th. TheStreet upgraded Ternium SA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Finally, Credit Suisse Group AG restated a “hold” rating and set a $21.00 price objective on shares of Ternium SA in a research report on Tuesday, September 27th.
Several hedge funds have recently added to or reduced their stakes in TX. Massachusetts Financial Services Co. MA increased its stake in Ternium SA by 0.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 41,880 shares of the company’s stock worth $799,000 after buying an additional 122 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Ternium SA by 7.5% in the second quarter. World Asset Management Inc now owns 12,479 shares of the company’s stock worth $238,000 after buying an additional 870 shares during the period. Quantbot Technologies LP boosted its stake in shares of Ternium SA by 22.5% in the second quarter. Quantbot Technologies LP now owns 6,298 shares of the company’s stock worth $120,000 after buying an additional 1,158 shares during the period. First Trust Advisors LP boosted its stake in shares of Ternium SA by 5.3% in the second quarter. First Trust Advisors LP now owns 35,234 shares of the company’s stock worth $672,000 after buying an additional 1,763 shares during the period. Finally, Lombardia Capital Partners LLC boosted its stake in shares of Ternium SA by 1.2% in the second quarter. Lombardia Capital Partners LLC now owns 185,434 shares of the company’s stock worth $3,534,000 after buying an additional 2,252 shares during the period.
Ternium SA (NYSE:TX) traded up 0.46% during trading on Monday, reaching $19.72. The company had a trading volume of 62,960 shares. Ternium SA has a 1-year low of $10.28 and a 1-year high of $23.60. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 26.33 and a beta of 1.59. The firm has a 50-day moving average of $20.27 and a 200-day moving average of $19.67.
Ternium SA (NYSE:TX) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.14. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Ternium SA’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. On average, analysts anticipate that Ternium SA will post $2.54 EPS for the current fiscal year.
Ternium SA Company Profile
Ternium SA is a steel producer in Latin America. The Company manufactures and processes a range of steel products, including galvanized and electro-galvanized sheets, pre-painted sheets, tinplate, welded pipes, hot-rolled flat products, cold-rolled products, bars and wire rods, as well as slitted and cut-to-length offerings through its service centers.
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