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


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Shares of Ternium S.A. (NYSE:TX) have earned an average recommendation of “Buy” from the seven research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $31.83.

Several equities research analysts recently commented on TX shares. Bradesco Corretora upgraded shares of Ternium from a “neutral” rating to an “outperform” rating and set a $39.00 price objective on the stock in a research report on Thursday, January 21st. Zacks Investment Research raised shares of Ternium from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Tuesday, March 2nd. Credit Suisse Group raised shares of Ternium from a “neutral” rating to an “outperform” rating and set a $41.50 target price for the company in a research report on Monday, January 11th. Finally, TheStreet raised shares of Ternium from a “c+” rating to a “b-” rating in a research report on Tuesday, March 2nd.

Several institutional investors have recently added to or reduced their stakes in TX. Moneda S.A. Administradora General de Fondos purchased a new position in shares of Ternium during the 4th quarter valued at approximately $52,000. Candriam Luxembourg S.C.A. purchased a new position in shares of Ternium during the 4th quarter valued at approximately $23,213,000. Clark Capital Management Group Inc. purchased a new position in shares of Ternium during the 4th quarter valued at approximately $19,217,000. Ninety One UK Ltd boosted its stake in shares of Ternium by 23.6% during the 4th quarter. Ninety One UK Ltd now owns 2,343,800 shares of the basic materials company’s stock valued at $68,158,000 after buying an additional 446,985 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Ternium by 180.0% during the 4th quarter. Victory Capital Management Inc. now owns 559,926 shares of the basic materials company’s stock valued at $16,283,000 after buying an additional 359,926 shares during the last quarter. Institutional investors own 19.26% of the company’s stock.

Ternium stock traded up $0.18 during trading on Thursday, reaching $40.27. The stock had a trading volume of 21,647 shares, compared to its average volume of 646,402. The stock has a market cap of $8.07 billion, a PE ratio of 32.48, a P/E/G ratio of 0.80 and a beta of 1.36. The company has a quick ratio of 1.51, a current ratio of 2.60 and a debt-to-equity ratio of 0.22. Ternium has a 52-week low of $12.28 and a 52-week high of $41.98. The business has a 50 day moving average price of $38.51 and a 200 day moving average price of $30.72.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, April 27th. The basic materials company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.58. Ternium had a net margin of 2.88% and a return on equity of 5.02%. On average, equities analysts predict that Ternium will post 2.43 EPS for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Tuesday, May 11th. Shareholders of record on Wednesday, May 5th will be given a $0.21 dividend. This represents a yield of 0.55%. The ex-dividend date is Tuesday, May 4th. Ternium’s dividend payout ratio (DPR) is 41.81%.

About Ternium

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 through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.

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Analyst Recommendations for Ternium (NYSE:TX)

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