The Goldman Sachs Group Issues Pessimistic Forecast for Ternium (NYSE:TX) Stock Price

Ternium (NYSE:TX) had its price target reduced by research analysts at The Goldman Sachs Group from $39.00 to $35.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 24.62% from the stock’s current price.

Separately, UBS Group started coverage on shares of Ternium in a research note on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price target on the stock.

Ternium Trading Down 5.4 %

NYSE TX opened at $28.09 on Thursday. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. Ternium has a 1-year low of $27.80 and a 1-year high of $44.44. The firm’s fifty day simple moving average is $30.60 and its 200-day simple moving average is $32.06. The company has a market capitalization of $5.51 billion, a PE ratio of -100.30, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. As a group, sell-side analysts anticipate that Ternium will post 4.37 earnings per share for the current fiscal year.

Institutional Trading of Ternium

Several large investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in Ternium by 500.0% during the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Ternium during the 4th quarter worth about $54,000. Headlands Technologies LLC boosted its stake in Ternium by 249.5% during the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the period. Aquatic Capital Management LLC grew its holdings in Ternium by 28.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company’s stock valued at $63,000 after buying an additional 482 shares during the last quarter. Finally, R Squared Ltd bought a new position in Ternium in the 4th quarter worth approximately $88,000. 11.98% of the stock is owned by institutional investors.

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.