Ternium S.A. (NYSE:TX) Given Average Rating of “Moderate Buy” by Analysts

Ternium S.A. (NYSE:TX) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $44.9444.

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $57.00 price objective on shares of Ternium in a report on Friday. UBS Group increased their price objective on Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Scotiabank reiterated a “sector perform” rating and issued a $40.00 price objective on shares of Ternium in a report on Thursday, March 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ternium in a report on Wednesday. Finally, Wall Street Zen upgraded Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th.

Hedge Funds Weigh In On Ternium

A number of institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its holdings in Ternium by 8.0% in the first quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company’s stock worth $254,395,000 after purchasing an additional 469,846 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Ternium by 1.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock valued at $145,452,000 after acquiring an additional 66,062 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Ternium by 4.7% during the third quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock valued at $79,159,000 after acquiring an additional 101,748 shares in the last quarter. Cape Ann Asset Management Ltd increased its holdings in shares of Ternium by 20.5% during the fourth quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock valued at $40,812,000 after acquiring an additional 182,000 shares in the last quarter. Finally, Prudential PLC increased its holdings in shares of Ternium by 5.5% during the third quarter. Prudential PLC now owns 717,593 shares of the basic materials company’s stock valued at $24,922,000 after acquiring an additional 37,408 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Price Performance

Shares of Ternium stock opened at $46.99 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.63 and a debt-to-equity ratio of 0.14. The company has a market cap of $9.42 billion, a PE ratio of 16.15 and a beta of 1.26. The business has a 50 day moving average of $41.90 and a 200 day moving average of $40.58. Ternium has a 52 week low of $27.12 and a 52 week high of $49.69.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. The company had revenue of $3.93 billion during the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%. As a group, equities research analysts forecast that Ternium will post 4.04 earnings per share for the current year.

About Ternium

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.