Ternium S.A. (NYSE:TX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Ternium S.A. (NYSE:TXGet Rating) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $47.00.

Several equities research analysts have weighed in on TX shares. The Goldman Sachs Group dropped their price objective on Ternium from $60.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, September 6th. Morgan Stanley dropped their price objective on Ternium from $48.00 to $39.00 and set an “equal weight” rating for the company in a report on Wednesday, July 6th. StockNews.com cut Ternium from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 3rd. Finally, Bank of America cut Ternium from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $53.00 to $40.00 in a report on Friday, August 26th.

Ternium Trading Up 5.0 %

Shares of TX stock opened at $31.95 on Friday. The stock has a market capitalization of $6.41 billion, a PE ratio of 1.66 and a beta of 1.52. Ternium has a 1-year low of $28.72 and a 1-year high of $54.33. The business has a 50-day moving average of $33.17 and a 200 day moving average of $39.11. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.50 and a quick ratio of 1.74.

Institutional Trading of Ternium

A number of institutional investors and hedge funds have recently modified their holdings of TX. Larson Financial Group LLC purchased a new position in shares of Ternium in the 2nd quarter worth $25,000. Optimum Investment Advisors boosted its stake in shares of Ternium by 33.3% in the 1st quarter. Optimum Investment Advisors now owns 1,000 shares of the basic materials company’s stock worth $46,000 after buying an additional 250 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Ternium by 100.0% in the 1st quarter. Captrust Financial Advisors now owns 1,000 shares of the basic materials company’s stock worth $46,000 after buying an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Ternium in the 2nd quarter worth $50,000. Finally, Citigroup Inc. purchased a new position in shares of Ternium in the 1st quarter worth $85,000. Institutional investors own 11.23% of the company’s stock.

About Ternium

(Get Rating)

Ternium SA manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.

Further Reading

Analyst Recommendations for Ternium (NYSE:TX)

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