Ternium (NYSE:TX) Stock Rating Lowered by Zacks Research

Ternium (NYSE:TX) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Ternium from $39.00 to $40.50 and gave the company an “overweight” rating in a research report on Friday, October 17th. Wall Street Zen downgraded Ternium from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Wells Fargo & Company lifted their price target on Ternium from $30.00 to $34.00 and gave the company an “underweight” rating in a research note on Wednesday, January 21st. UBS Group boosted their target price on shares of Ternium from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Monday, December 15th. Finally, Hsbc Global Res raised shares of Ternium to a “strong-buy” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Ternium presently has a consensus rating of “Hold” and an average target price of $36.06.

Ternium Price Performance

Shares of NYSE TX opened at $41.82 on Thursday. The stock has a fifty day moving average price of $39.42 and a 200 day moving average price of $36.01. Ternium has a 1-year low of $24.00 and a 1-year high of $44.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 1.42. The company has a market cap of $8.38 billion, a PE ratio of 14.08 and a beta of 1.36.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Ternium had a return on equity of 1.89% and a net margin of 3.72%.The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. Sell-side analysts forecast that Ternium will post 4.37 EPS for the current year.

Institutional Investors Weigh In On Ternium

A number of large investors have recently added to or reduced their stakes in TX. Lazard Asset Management LLC increased its stake in shares of Ternium by 4.6% during the 2nd quarter. Lazard Asset Management LLC now owns 5,358,772 shares of the basic materials company’s stock worth $161,298,000 after purchasing an additional 237,741 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in Ternium by 10.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 3,412,385 shares of the basic materials company’s stock valued at $102,713,000 after buying an additional 312,595 shares during the last quarter. Aberdeen Group plc purchased a new position in Ternium during the second quarter worth $258,000. Oaktree Capital Management LP increased its position in Ternium by 13.2% during the second quarter. Oaktree Capital Management LP now owns 919,709 shares of the basic materials company’s stock worth $27,683,000 after buying an additional 107,100 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Ternium by 5.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 403,293 shares of the basic materials company’s stock worth $12,139,000 after acquiring an additional 20,000 shares during the last quarter. 11.98% of the stock is owned by institutional investors and hedge funds.

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.