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

Shares of Ternium S.A. (NYSE:TX) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $54.50.

Several research firms have recently weighed in on TX. UBS Group lifted their target price on shares of Ternium from $56.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Wells Fargo & Company raised shares of Ternium from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $43.00 to $45.00 in a report on Thursday, July 9th. Wall Street Zen raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Weiss Ratings upgraded shares of Ternium from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $57.00 target price on shares of Ternium in a report on Friday, May 22nd.

Ternium Stock Down 1.5%

Shares of NYSE TX opened at $57.22 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.43. The stock has a market capitalization of $11.47 billion, a PE ratio of 16.07, a P/E/G ratio of 0.17 and a beta of 1.25. Ternium has a one year low of $33.01 and a one year high of $58.73. The business’s fifty day moving average price is $52.70 and its 200-day moving average price is $46.72.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share (EPS) for the quarter. The business had revenue of $4.34 billion for the quarter. Ternium had a return on equity of 4.26% and a net margin of 4.37%. On average, equities research analysts anticipate that Ternium will post 6.54 EPS for the current year.

Institutional Trading of Ternium

A number of hedge funds and other institutional investors have recently made changes to their positions in TX. Engineers Gate Manager LP boosted its stake in Ternium by 496.8% in the 2nd quarter. Engineers Gate Manager LP now owns 56,337 shares of the basic materials company’s stock worth $2,406,000 after purchasing an additional 46,897 shares during the period. Nykredit A S bought a new stake in shares of Ternium during the second quarter valued at about $10,564,000. Wellington Management Group LLP purchased a new stake in shares of Ternium in the second quarter worth about $5,704,000. Donald Smith & CO. Inc. purchased a new stake in shares of Ternium in the second quarter worth about $134,131,000. Finally, Oldfield Partners LLP lifted its holdings in shares of Ternium by 11.3% in the second quarter. Oldfield Partners LLP now owns 26,161 shares of the basic materials company’s stock worth $1,117,000 after buying an additional 2,666 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors.

About Ternium

Ternium SA (NYSE: TX) is a steel producer serving customers across the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, slabs, billets, hot- and cold-rolled steel, galvanized steel, tinplate, rebar and wire rod.

Its products are used in a variety of industries, including automotive manufacturing, construction, appliances, energy, machinery and transportation. Ternium operates an integrated production network with steelmaking, rolling, finishing and distribution facilities, allowing it to supply both commodity and value-added steel products.

Ternium has operations and commercial activities in countries including Mexico, Argentina, Brazil, Colombia, the United States and several other Latin American markets.