Ternium (NYSE:TX) Rating Lowered to “Buy” at Wall Street Zen

by · The Cerbat Gem

Ternium (NYSE:TX – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their target price on shares of Ternium from $56.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday. Weiss Ratings raised shares of Ternium from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Scotiabank upped their price target on shares of Ternium from $40.00 to $57.00 and gave the company a “sector perform” rating in a report on Friday. Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ternium from $60.50 to $67.50 and gave the company an “overweight” rating in a research report on Friday, September 4th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.17.

Get Our Latest Stock Report on TX

Ternium Trading Up 0.1%

Shares of TX stock opened at $49.19 on Friday. The business has a 50-day moving average of $55.91 and a 200 day moving average of $47.81. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.46. Ternium has a 1-year low of $35.12 and a 1-year high of $60.21. The stock has a market capitalization of $9.86 billion, a PE ratio of 10.08, a P/E/G ratio of 0.14 and a beta of 1.17.

Ternium (NYSE:TX – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.37). Ternium had a return on equity of 5.77% and a net margin of 5.74%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the firm earned $0.10 earnings per share. Ternium’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Ternium will post 6.41 earnings per share for the current year.

Institutional Investors Weigh In On Ternium

Several hedge funds have recently bought and sold shares of the business. Diversified Trust Co bought a new position in Ternium during the 3rd quarter valued at approximately $202,000. StoneX Group Inc. bought a new stake in Ternium in the third quarter worth $215,000. Arrow Investment Advisors LLC boosted its holdings in Ternium by 24.3% in the third quarter. Arrow Investment Advisors LLC now owns 7,083 shares of the basic materials company’s stock worth $385,000 after acquiring an additional 1,386 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Ternium in the third quarter worth $40,000. Finally, Inspire Investing LLC purchased a new stake in shares of Ternium in the third quarter worth $2,329,000. Institutional investors own 11.98% of the company’s stock.

About Ternium

(Get Free Report)

Ternium is a steel producer serving customers across the Americas. Its operations span the steelmaking process, from iron ore extraction and processing to the manufacture and distribution of steel products.

The company produces flat and long steel products, including slabs, hot- and cold-rolled steel, coated steel, tinplate, and bars. These materials are used in industries such as construction, automotive manufacturing, appliances, energy, and packaging.

Ternium’s roots include steel businesses in Argentina and Mexico, and it was established in 2005.

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