Ternium S.A. (NYSE:TX – Get Rating) has earned an average rating of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $57.33.
TX has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Ternium in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Zacks Investment Research lowered shares of Ternium from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 16th. Scotiabank upgraded shares of Ternium from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the company from $63.00 to $61.00 in a research report on Monday, December 20th. Finally, Wolfe Research upgraded shares of Ternium from an “underperform” rating to a “peer perform” rating and raised their price target for the company from $38.00 to $43.00 in a research report on Friday, March 11th.
Several hedge funds and other institutional investors have recently made changes to their positions in TX. Avondale Wealth Management acquired a new stake in shares of Ternium in the fourth quarter valued at about $28,000. First Horizon Advisors Inc. grew its position in shares of Ternium by 1,980.0% in the third quarter. First Horizon Advisors Inc. now owns 416 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 396 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in shares of Ternium in the third quarter valued at about $38,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Ternium in the fourth quarter valued at about $39,000. Finally, Optimum Investment Advisors grew its position in shares of Ternium by 33.3% in the first quarter. Optimum Investment Advisors now owns 1,000 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 14.00% of the company’s stock.
Ternium (NYSE:TX – Get Rating) last released its quarterly earnings data on Tuesday, February 15th. The basic materials company reported $5.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.94 by $0.14. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.57 billion. Ternium had a net margin of 23.77% and a return on equity of 35.97%. During the same quarter in the prior year, the business earned $2.11 earnings per share. As a group, sell-side analysts forecast that Ternium will post 9.07 earnings per share for the current year.
The business also recently announced an annual dividend, which will be paid on Monday, May 16th. Stockholders of record on Friday, May 6th will be given a $1.80 dividend. This is a positive change from Ternium’s previous annual dividend of $0.80. The ex-dividend date of this dividend is Thursday, May 5th. This represents a dividend yield of 5.9%. Ternium’s dividend payout ratio (DPR) is 4.11%.
Ternium Company Profile (Get Rating)
Ternium SA engages in the manufacturing and trade of steel products. The firm offers its products to construction, automotive, manufacturing, home appliances, packaging, energy, and transport industries. It operates through the Steel and Mining segments. The Steel segment include slabs, billets, and round bars; hot-rolled coils and sheets; bars and stirrups; wire rods; tin plate; hot dipped galvanized and electrogalvanized sheets; and pre-painted sheets, steel pipes, and tubular products.
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