Ternium (NYSE:TX) Raised to Strong-Buy at StockNews.com

Ternium (NYSE:TX) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms have also commented on TX. JPMorgan Chase & Co. upped their price target on Ternium from $48.00 to $51.50 and gave the company an “overweight” rating in a research report on Thursday, March 21st. The Goldman Sachs Group boosted their target price on Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, TheStreet raised Ternium from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $50.83.

Ternium Stock Down 0.5 %

Shares of NYSE TX opened at $40.25 on Tuesday. The firm’s fifty day moving average is $41.44 and its 200 day moving average is $39.99. Ternium has a 52 week low of $35.22 and a 52 week high of $45.58. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.07 billion, a price-to-earnings ratio of 11.94 and a beta of 1.69.

Ternium (NYSE:TX) last announced its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.54. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.77 billion. Ternium had a net margin of 3.53% and a return on equity of 10.21%. The company’s revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 EPS. On average, equities research analysts expect that Ternium will post 6.42 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Key Financial Inc increased its stake in shares of Ternium by 5,900.0% in the 4th quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 590 shares in the last quarter. Blue Trust Inc. purchased a new stake in Ternium in the fourth quarter worth about $30,000. Activest Wealth Management bought a new position in shares of Ternium during the first quarter valued at approximately $44,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Ternium by 49.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 350 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Ternium by 19.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 287 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Company Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.