Ternium S.A. (NYSE:TX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Ternium S.A. (NYSE:TX) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $35.5625.

TX has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Ternium in a research report on Wednesday, October 8th. Wall Street Zen lowered Ternium from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research raised Ternium from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Scotiabank cut their target price on shares of Ternium from $41.00 to $40.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, September 3rd. Finally, HSBC set a $41.00 price target on shares of Ternium and gave the stock a “buy” rating in a research report on Friday, October 17th.

Institutional Investors Weigh In On Ternium

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Ternium by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 303 shares during the last quarter. Blue Trust Inc. increased its stake 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 worth $78,000 after purchasing an additional 335 shares during the period. Caxton Associates LLP increased its stake in shares of Ternium by 2.8% during 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 period. JPMorgan Chase & Co. lifted its holdings in Ternium by 142.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 736 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Ternium by 10.1% during the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company’s stock worth $301,000 after purchasing an additional 890 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Price Performance

Shares of NYSE:TX opened at $38.53 on Thursday. The firm has a market capitalization of $7.72 billion, a PE ratio of 12.97 and a beta of 1.36. The company has a current ratio of 2.46, a quick ratio of 1.42 and a debt-to-equity ratio of 0.10. Ternium has a 1-year low of $24.00 and a 1-year high of $39.00. The business’s 50 day moving average is $36.69 and its 200-day moving average is $34.00.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.02 billion. Ternium had a net margin of 3.72% and a return on equity of 1.89%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. Sell-side analysts predict that Ternium will post 4.37 earnings per share for the current year.

Ternium Announces Dividend

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

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.