Ternium S.A. (NYSE:TX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Ternium S.A. (NYSE:TX) have earned an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $49.50.

A number of equities analysts recently weighed in on the stock. Bradesco Corretora upgraded shares of Ternium to an “outperform” rating and set a $62.00 price objective for the company in a report on Tuesday, May 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Ternium in a research note on Monday, August 17th. Wells Fargo & Company upgraded Ternium from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $43.00 to $45.00 in a research note on Thursday, July 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $57.00 price target on shares of Ternium in a report on Friday, May 22nd. Finally, Itau BBA Securities raised Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price objective on the stock in a research report on Sunday, May 24th.

Ternium Price Performance

Shares of TX stock opened at $55.11 on Tuesday. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.18 and a beta of 1.25. The business’s fifty day moving average is $47.97 and its 200 day moving average is $44.98. Ternium has a twelve month low of $32.11 and a twelve month high of $58.24. The company has a quick ratio of 1.43, a current ratio of 2.58 and a debt-to-equity ratio of 0.14.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The business had revenue of $4.34 billion during the quarter. Research analysts expect that Ternium will post 6.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Ternium by 49.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 232 shares during the period. Parallel Advisors LLC grew its position in Ternium by 101.2% during the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after buying an additional 405 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Ternium during the fourth quarter valued at approximately $36,000. Camelot Portfolios LLC purchased a new stake in Ternium during the fourth quarter valued at approximately $38,000. Finally, Advisory Services Network LLC purchased a new stake in Ternium during the third quarter valued at approximately $38,000. Institutional investors own 11.98% of the company’s stock.

Ternium Company Profile

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.