Ternium (NYSE:TX) Upgraded to “Strong-Buy” at Zacks Research

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

A number of other research firms also recently issued reports on TX. Bank of America raised shares of Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Monday, April 13th. Wall Street Zen raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. UBS Group boosted their price target on shares of Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Wells Fargo & Company boosted their price target on shares of Ternium from $36.00 to $43.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Finally, Itau BBA Securities raised shares of Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a research note on Sunday, May 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.35.

Ternium Price Performance

Ternium stock opened at $47.36 on Tuesday. The company’s 50 day simple moving average is $45.51 and its 200-day simple moving average is $42.25. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 0.20 and a beta of 1.28. Ternium has a 1 year low of $28.76 and a 1 year high of $51.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.63.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC grew its holdings in shares of Ternium by 1.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,232 shares of the basic materials company’s stock valued at $505,000 after purchasing an additional 231 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Ternium by 49.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Ternium by 101.3% in the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 405 shares in the last quarter. Caxton Associates LLP grew its holdings in shares of Ternium by 2.8% in the second quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company’s stock valued at $536,000 after purchasing an additional 484 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Ternium by 7.1% in the first quarter. QRG Capital Management Inc. now owns 7,549 shares of the basic materials company’s stock valued at $303,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 11.98% of the company’s stock.

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.