Brokerages Set Ternium S.A. (NYSE:TX) Target Price at $35.56

by · The Cerbat Gem

Ternium S.A. (NYSE:TX – Get Free Report) has received an average rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $35.5625.

A number of equities analysts recently commented on the company. Wall Street Zen lowered Ternium from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. UBS Group upped their price objective on Ternium from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, December 15th. HSBC set a $41.00 target price on Ternium and gave the company a “buy” rating in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Ternium in a research report on Wednesday, October 8th. Finally, Hsbc Global Res raised shares of Ternium to a “strong-buy” rating in a research note on Friday, October 17th.

Check Out Our Latest Report on TX

Ternium Stock Performance

TX opened at $37.17 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.42 and a current ratio of 2.46. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 12.52 and a beta of 1.36. The company has a fifty day moving average of $36.65 and a 200 day moving average of $33.89. Ternium has a fifty-two week low of $24.00 and a fifty-two week high of $39.00.

Ternium (NYSE:TX – Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.68). The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. As a group, sell-side analysts forecast that Ternium will post 4.37 earnings per share for the current fiscal year.

Ternium Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its position in Ternium by 8.5% during the third quarter. Lazard Asset Management LLC now owns 5,813,570 shares of the basic materials company’s stock valued at $201,905,000 after purchasing an additional 454,798 shares during the period. Donald Smith & CO. Inc. increased its position in shares of Ternium by 10.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 3,412,385 shares of the basic materials company’s stock valued at $102,713,000 after purchasing an additional 312,595 shares during the last quarter. Ninety One UK Ltd increased its position 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 valued at $72,454,000 after purchasing an additional 118,595 shares during the last quarter. Schroder Investment Management Group raised its holdings in Ternium by 4.7% during the 3rd quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock valued at $79,159,000 after buying an additional 101,748 shares during the period. Finally, Ninety One North America Inc. lifted its position in Ternium by 23.4% in the second quarter. Ninety One North America Inc. now owns 1,023,049 shares of the basic materials company’s stock worth $30,794,000 after buying an additional 194,174 shares during the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Company Profile

(Get Free Report)

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.

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