Ternium S.A. (NYSE:TX) Receives Average Recommendation of “Hold” from Analysts

Shares of Ternium S.A. (NYSE:TX) have been given a consensus rating of “Hold” by the eleven brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.0625.

TX has been the topic of several research reports. Wells Fargo & Company upped their target price on Ternium from $30.00 to $34.00 and gave the company an “underweight” rating in a report on Wednesday, January 21st. UBS Group upped their price target on shares of Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Monday, December 15th. HSBC set a $41.00 price objective on Ternium and gave the stock a “buy” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Ternium in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Ternium from $39.00 to $40.50 and gave the company an “overweight” rating in a report on Friday, October 17th.

Ternium Price Performance

TX stock opened at $43.22 on Friday. The firm has a 50 day moving average of $40.01 and a 200-day moving average of $36.36. The company has a market cap of $8.66 billion, a price-to-earnings ratio of 14.55 and a beta of 1.34. The company has a current ratio of 2.46, a quick ratio of 1.42 and a debt-to-equity ratio of 0.10. Ternium has a 12-month low of $24.00 and a 12-month high of $44.95.

Institutional Investors Weigh In On Ternium

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of Ternium by 40.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 303 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of Ternium during the 4th quarter worth $38,000. Advisory Services Network LLC acquired a new stake in shares of Ternium during the 3rd quarter worth $38,000. JPMorgan Chase & Co. boosted its holdings in Ternium by 142.1% in the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 736 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Ternium by 17.5% during the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 335 shares during the period. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Company Profile

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.