Ternium (NYSE:TX) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Ternium (NYSE:TX) had its target price lifted by equities researchers at Wells Fargo & Company from $52.00 to $56.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 0.74% from the stock’s current price.

Several other research firms have also recently weighed in on TX. Zacks Research upgraded shares of Ternium from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 11th. HSBC restated a “hold” rating and issued a $55.00 target price (up from $53.00) on shares of Ternium in a report on Friday, August 21st. UBS Group raised their target price on Ternium from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. lifted their price target on Ternium from $60.50 to $67.50 and gave the company an “overweight” rating in a report on Friday, September 4th. Finally, Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ternium presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.72.

Ternium Stock Performance

Shares of TX opened at $56.42 on Tuesday. Ternium has a one year low of $33.01 and a one year high of $59.32. The company has a 50-day moving average of $55.25 and a two-hundred day moving average of $48.26. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.17 and a beta of 1.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.43.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share (EPS) for the quarter. The business had revenue of $4.34 billion for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. On average, equities research analysts expect that Ternium will post 6.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TX. Lazard Asset Management LLC boosted its stake in shares of Ternium by 8.0% during the 1st quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company’s stock valued at $254,395,000 after buying an additional 469,846 shares during the period. Donald Smith & CO. Inc. raised its holdings in shares of Ternium by 1.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock worth $145,452,000 after acquiring an additional 66,062 shares in the last quarter. Cape Ann Asset Management Ltd raised its holdings in shares of Ternium by 20.5% during the fourth quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock worth $40,812,000 after acquiring an additional 182,000 shares in the last quarter. Amundi raised its holdings in shares of Ternium by 19.9% during the first quarter. Amundi now owns 703,304 shares of the basic materials company’s stock worth $28,238,000 after acquiring an additional 116,813 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Ternium during the second quarter valued at $14,329,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Company Profile

Ternium SA (NYSE: TX) is a steel producer serving customers primarily in the Americas. The company manufactures a broad range of steel products, including flat steel, long steel, slabs, billets, galvanized and pre-painted steel, and other value-added products used in construction, automotive manufacturing, appliances, energy, machinery, and other industrial applications.

Ternium operates an integrated steelmaking and processing network with production and distribution activities in countries including Mexico, Brazil, Argentina, Colombia, and the United States.