Equities researchers at Berenberg Bank started coverage on shares of Ternium SA (NYSE:TX) in a report issued on Wednesday. The firm set a “buy” rating and a $28.50 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 17.77% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Ternium SA from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, November 15th. Itau BBA Securities upgraded Ternium SA from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 3rd. Credit Suisse Group AG reiterated a “hold” rating and issued a $21.00 price objective on shares of Ternium SA in a research report on Tuesday, September 27th. 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. Finally, HSBC lowered Ternium SA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $23.66.

Analyst Recommendations for Ternium SA (NYSE:TX)

Shares of Ternium SA (NYSE:TX) opened at 24.20 on Wednesday. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 13.53 and a beta of 1.38. The company has a 50-day moving average price of $22.57 and a 200-day moving average price of $20.68. Ternium SA has a 52-week low of $10.28 and a 52-week high of $26.50.

Ternium SA (NYSE:TX) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.29. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. Ternium SA had a return on equity of 11.49% and a net margin of 5.29%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. On average, equities analysts anticipate that Ternium SA will post $2.82 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Pacad Investment Ltd. bought a new stake in Ternium SA during the second quarter worth approximately $111,000. Crow Point Partners LLC bought a new stake in Ternium SA during the third quarter worth approximately $113,000. Quantbot Technologies LP boosted its stake in 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 in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Ternium SA during the second quarter worth approximately $145,000. Finally, Smith Asset Management Group LP bought a new stake in Ternium SA during the second quarter worth approximately $198,000. 22.13% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Ternium SA (TX) Now Covered by Berenberg Bank” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2016/11/25/ternium-sa-tx-now-covered-by-berenberg-bank.html.

Ternium SA Company Profile

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

5 Day Chart for NYSE:TX

Receive News & Stock Ratings for Ternium SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium SA and related stocks with our FREE daily email newsletter.