Ternium (NYSE:TX) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
TX has been the subject of a number of other research reports. Credit Suisse Group upgraded Ternium from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 15th. Scotiabank restated a “buy” rating and set a $47.00 target price on shares of Ternium in a report on Friday, April 20th. Finally, Zacks Investment Research upgraded Ternium from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a report on Wednesday, April 25th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.25.
Shares of Ternium opened at $38.44 on Wednesday, according to Marketbeat Ratings. The company has a quick ratio of 0.70, a current ratio of 1.65 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $7.90 billion, a P/E ratio of 8.52 and a beta of 1.09. Ternium has a 52-week low of $24.60 and a 52-week high of $42.43.
Ternium (NYSE:TX) last announced its quarterly earnings results on Wednesday, April 25th. The basic materials company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.70. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.72 billion. Ternium had a return on equity of 16.99% and a net margin of 9.47%. Ternium’s quarterly revenue was up 42.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 earnings per share. analysts anticipate that Ternium will post 6.13 EPS for the current year.
Several hedge funds have recently modified their holdings of the company. Atria Investments LLC increased its position in shares of Ternium by 13.5% during the first quarter. Atria Investments LLC now owns 11,300 shares of the basic materials company’s stock worth $367,000 after purchasing an additional 1,348 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Ternium by 68.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,412 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 1,389 shares in the last quarter. Stifel Financial Corp increased its position in shares of Ternium by 7.0% during the first quarter. Stifel Financial Corp now owns 22,256 shares of the basic materials company’s stock worth $729,000 after purchasing an additional 1,452 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Ternium by 47.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,590 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 1,810 shares in the last quarter. Finally, Advisor Group Inc. increased its position in shares of Ternium by 35.2% during the fourth quarter. Advisor Group Inc. now owns 7,383 shares of the basic materials company’s stock worth $233,000 after purchasing an additional 1,922 shares in the last quarter. 17.58% of the stock is currently owned by institutional investors and hedge funds.
Ternium Company Profile
Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.
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