Shares of Ternium S.A. (NYSE:TX – Get Rating) have received an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $43.71.
A number of equities analysts recently issued reports on TX shares. HSBC increased their price objective on Ternium from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. StockNews.com raised Ternium from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 28th. Bank of America raised shares of Ternium from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $42.00 in a report on Monday, January 23rd. Citigroup initiated coverage on shares of Ternium in a research report on Wednesday, February 1st. They issued a “buy” rating and a $50.00 price target for the company. Finally, Grupo Santander downgraded shares of Ternium from an “outperform” rating to a “neutral” rating and cut their target price for the company from $45.00 to $35.00 in a research note on Monday, November 28th.
Institutional Investors Weigh In On Ternium
Several large investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its holdings in Ternium by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 167,989 shares of the basic materials company’s stock valued at $4,601,000 after buying an additional 1,497 shares in the last quarter. GW Henssler & Associates Ltd. lifted its holdings in Ternium by 19.2% in the 3rd quarter. GW Henssler & Associates Ltd. now owns 11,408 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 1,835 shares during the last quarter. Connectus Wealth LLC boosted its position in Ternium by 14.3% during the second quarter. Connectus Wealth LLC now owns 68,821 shares of the basic materials company’s stock worth $2,487,000 after purchasing an additional 8,629 shares during the period. Alps Advisors Inc. grew its holdings in Ternium by 23.4% during the second quarter. Alps Advisors Inc. now owns 13,820 shares of the basic materials company’s stock valued at $499,000 after purchasing an additional 2,620 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in Ternium by 5.4% during the third quarter. Inspire Investing LLC now owns 15,656 shares of the basic materials company’s stock valued at $429,000 after purchasing an additional 806 shares during the last quarter. Institutional investors own 10.41% of the company’s stock.
Ternium Price Performance
Ternium (NYSE:TX – Get Rating) last announced its quarterly earnings data on Tuesday, February 14th. The basic materials company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Ternium had a net margin of 10.77% and a return on equity of 12.98%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the firm earned $5.08 EPS. The company’s revenue for the quarter was down 18.1% compared to the same quarter last year. As a group, equities research analysts expect that Ternium will post 6.04 earnings per share for the current year.
Ternium SA operates as a flat steel producer. The firm offers a broad range of steel products for customers active in the automotive, home appliances, HVAC, construction, capital goods, container, food and energy industries through its manufacturing facilities, service center and distribution networks, and advanced customer integration systems.
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