Brokerages Set Ternium S.A. (NYSE:TX) PT at $35.56

Shares of Ternium S.A. (NYSE:TX) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $35.5625.

A number of brokerages have recently commented on TX. Hsbc Global Res raised shares of Ternium to a “strong-buy” rating in a report on Friday, October 17th. Wall Street Zen lowered shares of Ternium from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ternium in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Ternium from $39.00 to $40.50 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, HSBC set a $41.00 price target on Ternium and gave the stock a “buy” rating in a report on Friday, October 17th.

Institutional Investors Weigh In On Ternium

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in Ternium by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock valued at $37,000 after buying an additional 303 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Ternium in the third quarter valued at about $38,000. JPMorgan Chase & Co. boosted its holdings in shares of Ternium by 142.1% in the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 736 shares in the last quarter. Blue Trust Inc. raised its holdings in Ternium by 17.5% during the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 335 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Ternium in the second quarter valued at about $119,000. 11.98% of the stock is owned by institutional investors and hedge funds.

Ternium Stock Up 1.2%

Ternium stock opened at $42.04 on Monday. The company has a market capitalization of $8.43 billion, a P/E ratio of 14.16 and a beta of 1.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.42 and a current ratio of 2.46. Ternium has a fifty-two week low of $24.00 and a fifty-two week high of $42.30. The stock has a 50-day simple moving average of $37.80 and a 200-day simple moving average of $35.11.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). Ternium had a return on equity of 1.89% and a net margin of 3.72%.The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the prior year, the business earned $0.16 EPS. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. Equities research analysts expect that Ternium will post 4.37 earnings per share for the current year.

Ternium Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were issued a $0.90 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a dividend yield of 503.0%. Ternium’s payout ratio is presently 60.61%.

Ternium Company Profile

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.