Ternium S.A. (NYSE:TX) Stock Rated “Moderate Buy” by Wall Street Analysts

Ternium S.A. (NYSE:TX) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $57.17.

TX has been the subject of a number of research reports. Zacks Research cut shares of Ternium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Scotiabank increased their target price on shares of Ternium from $40.00 to $57.00 and gave the company a “sector perform” rating in a research note on Friday, November 6th. JPMorgan Chase & Co. lifted their price objective on shares of Ternium from $60.50 to $67.50 and gave the company an “overweight” rating in a report on Friday, September 4th. HSBC lowered shares of Ternium from a “buy” rating to a “hold” rating and boosted their price target for the stock from $53.00 to $55.00 in a report on Friday, August 21st. Finally, Wall Street Zen cut shares of Ternium from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 7th.

Ternium Stock Down 1.2%

Shares of NYSE:TX traded down $0.60 during midday trading on Friday, hitting $49.85. 395,597 shares of the stock were exchanged, compared to its average volume of 625,323. The company has a market capitalization of $9.99 billion, a PE ratio of 10.22, a P/E/G ratio of 0.14 and a beta of 1.17. The business’s fifty day simple moving average is $55.39 and its two-hundred day simple moving average is $48.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.46 and a current ratio of 2.56. Ternium has a 52-week low of $35.12 and a 52-week high of $60.21.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.37). The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Ternium had a return on equity of 5.77% and a net margin of 5.74%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. As a group, research analysts predict that Ternium will post 6.41 earnings per share for the current fiscal year.

Ternium Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, November 20th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a dividend yield of 349.0%. Ternium’s dividend payout ratio (DPR) is 53.28%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Entropy Technologies LP bought a new stake in Ternium during the third quarter worth $469,000. Marshall Wace LLP grew its stake in Ternium by 79.5% in the 3rd quarter. Marshall Wace LLP now owns 1,182,912 shares of the basic materials company’s stock worth $64,232,000 after buying an additional 523,918 shares in the last quarter. Caxton Associates LLP lifted its position in Ternium by 581.5% in the third quarter. Caxton Associates LLP now owns 127,061 shares of the basic materials company’s stock valued at $6,899,000 after purchasing an additional 108,417 shares during the last quarter. Cornerstone Select Advisors LLC boosted its position in shares of Ternium by 46.7% during the third quarter. Cornerstone Select Advisors LLC now owns 8,817 shares of the basic materials company’s stock valued at $479,000 after purchasing an additional 2,805 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in Ternium during the 3rd quarter valued at about $508,000. 11.98% of the stock is currently owned by institutional investors.

About Ternium

Ternium is a steel producer serving customers across the Americas. Its operations span the steelmaking process, from iron ore extraction and processing to the manufacture and distribution of steel products. The company produces flat and long steel products, including slabs, hot- and cold-rolled steel, coated steel, tinplate, and bars. These materials are used in industries such as construction, automotive manufacturing, appliances, energy, and packaging. Ternium’s roots include steel businesses in Argentina and Mexico, and it was established in 2005.