Ternium S.A. (TX) Given Consensus Rating of “Buy” by Analysts
Ternium S.A. (NYSE:TX) has earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $30.13.
Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Ternium from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Credit Suisse Group reaffirmed a “hold” rating and set a $24.00 target price on shares of Ternium in a report on Thursday, August 3rd. BidaskClub lowered shares of Ternium from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $35.00 target price (up previously from $33.00) on shares of Ternium in a report on Friday, July 21st.
A number of large investors have recently made changes to their positions in the stock. Comerica Bank boosted its stake in shares of Ternium by 1.3% in the first quarter. Comerica Bank now owns 11,493 shares of the basic materials company’s stock valued at $293,000 after buying an additional 149 shares during the last quarter. Dorsey Wright & Associates boosted its stake in shares of Ternium by 40.6% in the first quarter. Dorsey Wright & Associates now owns 78,679 shares of the basic materials company’s stock valued at $2,055,000 after buying an additional 22,714 shares during the last quarter. Boston Partners boosted its stake in shares of Ternium by 66.6% in the first quarter. Boston Partners now owns 83,302 shares of the basic materials company’s stock valued at $2,176,000 after buying an additional 33,302 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Ternium during the first quarter valued at $232,000. Finally, Oldfield Partners LLP boosted its stake in shares of Ternium by 46.5% in the first quarter. Oldfield Partners LLP now owns 2,314,439 shares of the basic materials company’s stock valued at $41,614,000 after buying an additional 735,110 shares during the last quarter. 21.71% of the stock is owned by institutional investors and hedge funds.
Ternium (NYSE TX) opened at 29.81 on Monday. Ternium has a one year low of $18.29 and a one year high of $32.14. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 6.82 and a beta of 1.07. The stock’s 50 day moving average is $29.02 and its 200-day moving average is $26.19.
Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.14. Ternium had a net margin of 11.05% and a return on equity of 16.61%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, equities research analysts expect that Ternium will post $3.78 earnings per share for the current fiscal year.
Ternium 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.
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