Ternium (NYSE:TX) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Ternium (NYSE:TX) from a buy rating to a hold rating in a report released on Tuesday.

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Ternium from $54.00 to $56.00 and gave the company an overweight rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $52.33.

Ternium Trading Up 4.3 %

TX opened at $35.84 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.57 and a current ratio of 2.74. The stock’s 50 day moving average price is $34.36 and its 200-day moving average price is $38.51. Ternium has a one year low of $30.68 and a one year high of $44.44. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.15 and a beta of 1.76.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) EPS for the quarter, missing the consensus estimate of $1.25 by ($1.36). Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the company earned $3.19 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Ternium will post 7.01 EPS for the current year.

Hedge Funds Weigh In On Ternium

Institutional investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. bought a new position in shares of Ternium during the second quarter valued at approximately $50,566,000. Allspring Global Investments Holdings LLC boosted its position in Ternium by 20,865.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 220,765 shares of the basic materials company’s stock valued at $9,188,000 after acquiring an additional 219,712 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Ternium by 277.7% in the 4th quarter. Allianz Asset Management GmbH now owns 196,082 shares of the basic materials company’s stock valued at $8,328,000 after acquiring an additional 144,171 shares during the period. Absolute Gestao de Investimentos Ltda. bought a new position in shares of Ternium in the 1st quarter worth $5,426,000. Finally, Contrarian Capital Management L.L.C. lifted its stake in shares of Ternium by 8.9% during the 4th quarter. Contrarian Capital Management L.L.C. now owns 1,117,981 shares of the basic materials company’s stock worth $47,481,000 after purchasing an additional 91,629 shares during the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Company Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.