Brokerages Set Ternium S.A. (NYSE:TX) Target Price at $32.67

Ternium S.A. (NYSE:TX) has received an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $32.6667.

Several analysts have recently commented on TX shares. Morgan Stanley cut shares of Ternium from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a research note on Monday, July 21st. Wall Street Zen raised shares of Ternium from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Wells Fargo & Company raised shares of Ternium to a “strong sell” rating in a report on Thursday, August 14th. Finally, Scotiabank lowered their target price on shares of Ternium from $41.00 to $40.00 and set a “sector outperform” rating for the company in a report on Wednesday, September 3rd.

Ternium Price Performance

TX opened at $35.03 on Tuesday. Ternium has a one year low of $24.00 and a one year high of $37.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 1.59. The company’s 50 day simple moving average is $32.35 and its 200-day simple moving average is $30.37. The stock has a market capitalization of $7.02 billion, a P/E ratio of 11.56 and a beta of 1.47.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.66 by $0.62. Ternium had a net margin of 3.66% and a return on equity of 1.95%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same period in the prior year, the firm earned ($0.11) earnings per share. Ternium’s revenue was down 12.6% compared to the same quarter last year. Sell-side analysts anticipate that Ternium will post 4.37 earnings per share for the current fiscal year.

Institutional Trading of Ternium

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Ternium by 51.8% during the 1st quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 653 shares during the period. Brooklyn Investment Group grew its holdings in Ternium by 201,700.0% during the 1st quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 2,017 shares during the period. State of Wyoming acquired a new stake in Ternium during the 2nd quarter worth $119,000. Rexford Capital Inc. acquired a new stake in Ternium during the 2nd quarter worth $121,000. Finally, Hantz Financial Services Inc. grew its holdings in Ternium by 1,361.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 6,998 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 6,519 shares during the period. Institutional investors and hedge funds 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.