Ternium (NYSE:TX) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Ternium (NYSE:TX) from a buy rating to a strong-buy rating in a report published on Sunday.

A number of other research firms also recently weighed in on TX. UBS Group increased their price target on Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Weiss Ratings raised Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Wells Fargo & Company increased their price target on Ternium from $36.00 to $43.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $49.00 price target on shares of Ternium in a research note on Friday, April 24th. Finally, Bank of America raised Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ternium currently has an average rating of “Moderate Buy” and an average price target of $41.81.

Ternium Stock Performance

TX stock opened at $42.67 on Friday. The business’s fifty day moving average is $41.44 and its 200-day moving average is $40.33. The company has a quick ratio of 1.53, a current ratio of 2.63 and a debt-to-equity ratio of 0.14. The company has a market cap of $8.55 billion, a P/E ratio of 14.66 and a beta of 1.26. Ternium has a twelve month low of $27.12 and a twelve month high of $49.69.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share for the quarter. The company had revenue of $3.93 billion for the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%. Equities research analysts forecast that Ternium will post 4.04 EPS for the current year.

Ternium Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, May 14th. This represents a yield of 588.0%. Ternium’s payout ratio is currently 89.35%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TX. Royal Bank of Canada lifted its holdings in Ternium by 31.5% during the first quarter. Royal Bank of Canada now owns 26,965 shares of the basic materials company’s stock worth $840,000 after acquiring an additional 6,453 shares in the last quarter. Millennium Management LLC lifted its holdings in Ternium by 569.4% during the first quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company’s stock worth $3,952,000 after acquiring an additional 107,880 shares in the last quarter. Invesco Ltd. lifted its holdings in Ternium by 58.4% during the second quarter. Invesco Ltd. now owns 22,257 shares of the basic materials company’s stock worth $670,000 after acquiring an additional 8,204 shares in the last quarter. Raymond James Financial Inc. bought a new position in Ternium during the second quarter worth about $214,000. Finally, Militia Capital Partners LP lifted its holdings in Ternium by 16.1% during the second quarter. Militia Capital Partners LP now owns 36,084 shares of the basic materials company’s stock worth $1,086,000 after acquiring an additional 5,000 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors.

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.