Ternium S.A. (NYSE:TX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ternium S.A. (NYSE:TX) have been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $35.5625.

Several equities research analysts have issued reports on the stock. HSBC set a $41.00 price objective on shares of Ternium and gave the company a “buy” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. boosted their price target on Ternium from $39.00 to $40.50 and gave the company an “overweight” rating in a report on Friday, October 17th. UBS Group increased their price objective on Ternium from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Monday, December 15th. Wall Street Zen lowered Ternium from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Hsbc Global Res upgraded Ternium to a “strong-buy” rating in a report on Friday, October 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in shares of Ternium by 31.5% during the first quarter. Royal Bank of Canada now owns 26,965 shares of the basic materials company’s stock valued at $840,000 after purchasing an additional 6,453 shares in the last quarter. Millennium Management LLC boosted its position in Ternium by 569.4% during the 1st quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock valued at $3,952,000 after acquiring an additional 107,880 shares in the last quarter. Investors Research Corp increased its holdings in shares of Ternium by 166.2% in the 2nd quarter. Investors Research Corp now owns 17,300 shares of the basic materials company’s stock valued at $521,000 after acquiring an additional 10,800 shares during the period. Arrow Investment Advisors LLC bought a new position in shares of Ternium in the 2nd quarter worth $221,000. Finally, Ninety One UK Ltd lifted its stake in shares of Ternium by 5.2% during the 2nd quarter. Ninety One UK Ltd now owns 2,407,110 shares of the basic materials company’s stock worth $72,454,000 after purchasing an additional 118,595 shares during the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Stock Performance

TX stock opened at $40.09 on Monday. Ternium has a twelve month low of $24.00 and a twelve month high of $40.88. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 13.50 and a beta of 1.36. The business’s fifty day simple moving average is $37.46 and its two-hundred day simple moving average is $34.92. The company has a quick ratio of 1.42, a current ratio of 2.46 and a debt-to-equity ratio of 0.10.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Ternium had a net margin of 3.72% and a return on equity of 1.89%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. Analysts predict that Ternium will post 4.37 earnings per share for the current year.

Ternium Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a yield of 503.0%. Ternium’s dividend payout ratio is 60.61%.

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.