Ternium S.A. (NYSE:TX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ternium S.A. (NYSE:TX) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $35.5625.

Several equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Hsbc Global Res raised shares of Ternium to a “strong-buy” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. lifted their price target on shares of Ternium from $39.00 to $40.50 and gave the stock an “overweight” rating in a report on Friday, October 17th. HSBC set a $41.00 price objective on Ternium and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Zacks Research raised Ternium from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st.

Institutional Investors Weigh In On Ternium

Several large investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in Ternium by 8.5% in the third quarter. Lazard Asset Management LLC now owns 5,813,570 shares of the basic materials company’s stock valued at $201,905,000 after buying an additional 454,798 shares during the period. Donald Smith & CO. Inc. raised its position in shares of Ternium by 10.1% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,412,385 shares of the basic materials company’s stock worth $102,713,000 after acquiring an additional 312,595 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Ternium by 11.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,177,525 shares of the basic materials company’s stock worth $65,544,000 after acquiring an additional 216,301 shares in the last quarter. Ninety One North America Inc. lifted its stake in shares of Ternium by 23.4% in the 2nd quarter. Ninety One North America Inc. now owns 1,023,049 shares of the basic materials company’s stock valued at $30,794,000 after purchasing an additional 194,174 shares during the period. Finally, Ninety One UK Ltd boosted its position in shares of Ternium by 5.2% during the 2nd quarter. Ninety One UK Ltd now owns 2,407,110 shares of the basic materials company’s stock valued at $72,454,000 after purchasing an additional 118,595 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Price Performance

Shares of TX opened at $41.74 on Monday. The company has a quick ratio of 1.42, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. The stock has a market cap of $8.37 billion, a PE ratio of 14.05 and a beta of 1.36. Ternium has a 12-month low of $24.00 and a 12-month high of $42.30. The business has a 50-day simple moving average of $38.04 and a two-hundred day simple moving average of $35.24.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). The firm 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 business’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 business posted $0.16 earnings per share. Analysts anticipate that Ternium will post 4.37 earnings per share for the current fiscal year.

Ternium Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 10th were issued a dividend of $0.90 per share. The ex-dividend date was Monday, November 10th. This represents a yield of 503.0%. Ternium’s dividend payout ratio (DPR) is presently 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.