Analysts Set Ternium SA (NYSE:TX) Price Target at $20.67
Ternium SA (NYSE:TX) has earned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.67.
Several equities research analysts recently commented on TX shares. Citigroup upgraded shares of Ternium from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, April 20th. Goldman Sachs Group restated a “buy” rating on shares of Ternium in a research report on Monday, April 20th. UBS Group dropped their price target on shares of Ternium from $18.00 to $12.00 and set a “sell” rating on the stock in a research report on Thursday. Morgan Stanley upgraded shares of Ternium from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $23.00 to $18.00 in a research report on Monday, March 16th. Finally, Scotiabank upgraded shares of Ternium from a “sector perform” rating to a “sector outperform” rating and set a $32.00 price target on the stock in a research report on Wednesday, January 22nd.
A number of hedge funds have recently made changes to their positions in TX. Ladenburg Thalmann Financial Services Inc. bought a new stake in Ternium during the 4th quarter valued at $31,000. Tower Research Capital LLC TRC bought a new stake in Ternium during the 1st quarter valued at $36,000. NEXT Financial Group Inc bought a new stake in Ternium during the 4th quarter valued at $53,000. Aigen Investment Management LP grew its stake in shares of Ternium by 577.5% in the 1st quarter. Aigen Investment Management LP now owns 6,761 shares of the basic materials company’s stock worth $80,000 after acquiring an additional 5,763 shares in the last quarter. Finally, Banco Santander S.A. bought a new stake in shares of Ternium in the 1st quarter worth $136,000. Institutional investors and hedge funds own 18.73% of the company’s stock.
Ternium (NYSE:TX) last posted its earnings results on Tuesday, April 28th. The basic materials company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.45). Ternium had a return on equity of 6.78% and a net margin of 3.36%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. The firm’s quarterly revenue was down 17.0% on a year-over-year basis. Equities analysts predict that Ternium will post 0.75 EPS for the current year.
Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron; and sells energy.
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