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

Shares of Ternium S.A. (NYSE:TX) have earned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $34.6875.

TX has been the topic of several recent analyst reports. Wells Fargo & Company upgraded shares of Ternium to a “strong sell” rating in a research report on Thursday, August 14th. Zacks Research lowered Ternium from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. HSBC set a $41.00 price objective on Ternium and gave the company a “buy” rating in a research report on Friday, October 17th. Wall Street Zen lowered Ternium from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Scotiabank decreased their target price on Ternium from $41.00 to $40.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, September 3rd.

Ternium Stock Up 1.9%

NYSE TX opened at $35.94 on Friday. Ternium has a 52 week low of $24.00 and a 52 week high of $38.15. The company has a quick ratio of 1.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $7.20 billion, a P/E ratio of 12.10 and a beta of 1.55. The stock’s 50-day moving average price is $35.74 and its 200-day moving average price is $32.60.

Ternium (NYSE:TX) last released its earnings results on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.68). Ternium had a return on equity of 1.88% and a net margin of 3.72%.The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the company posted $0.16 earnings per share. The company’s revenue was down 11.7% compared to the same quarter last year. On average, equities research analysts predict that Ternium will post 4.37 earnings per share for the current year.

Ternium Dividend Announcement

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

Hedge Funds Weigh In On Ternium

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Ternium by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 303 shares in the last quarter. Blue Trust Inc. grew its position in shares of Ternium by 17.5% during the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 335 shares in the last quarter. Caxton Associates LLP increased its holdings in shares of Ternium by 2.8% in the second quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company’s stock worth $536,000 after purchasing an additional 484 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ternium by 142.1% in the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after buying an additional 736 shares in the last quarter. Finally, Boston Partners boosted its stake in Ternium by 4.1% during the first quarter. Boston Partners now owns 20,994 shares of the basic materials company’s stock valued at $654,000 after buying an additional 827 shares during the last quarter. 11.98% of the stock is owned by hedge funds and other institutional investors.

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.