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

Ternium S.A. (NYSE:TX) has received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $46.35.

A number of brokerages have weighed in on TX. Wall Street Zen raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Bradesco Corretora raised shares of Ternium to an “outperform” rating and set a $62.00 target price for the company in a research note on Tuesday, May 19th. Scotiabank reaffirmed a “sector perform” rating and issued a $40.00 target price on shares of Ternium in a research note on Thursday, March 26th. Bank of America raised shares of Ternium from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ternium in a research note on Wednesday, May 20th.

Institutional Investors Weigh In On Ternium

Several institutional investors have recently modified their holdings of TX. Royal Bank of Canada grew its position in shares of Ternium by 31.5% during the 1st quarter. Royal Bank of Canada now owns 26,965 shares of the basic materials company’s stock worth $840,000 after buying an additional 6,453 shares during the period. Millennium Management LLC grew its position in shares of Ternium by 569.4% during the 1st quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock worth $3,952,000 after buying an additional 107,880 shares during the period. Invesco Ltd. grew its position in shares of Ternium by 58.4% during the 2nd quarter. Invesco Ltd. now owns 22,257 shares of the basic materials company’s stock worth $670,000 after buying an additional 8,204 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Ternium during the 2nd quarter worth approximately $214,000. Finally, Militia Capital Partners LP grew its position in shares of Ternium by 16.1% during the 2nd quarter. Militia Capital Partners LP now owns 36,084 shares of the basic materials company’s stock worth $1,086,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Trading Down 1.7%

Shares of NYSE TX opened at $47.20 on Thursday. Ternium has a 1-year low of $28.56 and a 1-year high of $51.73. The company has a market cap of $9.46 billion, a PE ratio of 16.22, a P/E/G ratio of 0.19 and a beta of 1.28. The company has a current ratio of 2.63, a quick ratio of 1.53 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $44.63 and a two-hundred day moving average of $41.79.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. The company had revenue of $3.93 billion during the quarter. As a group, equities analysts expect that Ternium will post 4.73 earnings per share for the current fiscal 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.