Ternium S.A. (NYSE:TX) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Ternium S.A. (NYSE:TX) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $36.0625.

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Ternium in a research note on Wednesday, January 21st. Zacks Research downgraded Ternium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Wall Street Zen cut shares of Ternium from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. UBS Group lifted their target price on shares of Ternium from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Monday, December 15th. Finally, HSBC set a $41.00 price target on shares of Ternium and gave the company a “buy” rating in a research report on Friday, October 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in shares of Ternium by 49.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after buying an additional 232 shares during the last quarter. Camelot Portfolios LLC bought a new stake in Ternium in the fourth quarter valued at $38,000. GAMMA Investing LLC increased its position in Ternium by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 303 shares during the period. Advisory Services Network LLC bought a new position in Ternium in the 3rd quarter worth $38,000. Finally, JPMorgan Chase & Co. raised its holdings in Ternium by 142.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 736 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Price Performance

TX stock opened at $44.19 on Friday. The firm has a market cap of $8.86 billion, a P/E ratio of 14.88 and a beta of 1.34. The firm’s fifty day moving average is $40.41 and its 200 day moving average is $36.69. Ternium has a 52 week low of $24.00 and a 52 week high of $44.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.42 and a current ratio of 2.46.

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.