Ternium (NYSE:TX) Downgraded by Zacks Research to “Hold”

Ternium (NYSE:TX) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other analysts also recently commented on TX. Wells Fargo & Company raised their target price on shares of Ternium from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 6th. HSBC reiterated a “hold” rating and issued a $55.00 price target (up from $53.00) on shares of Ternium in a report on Friday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of Ternium from $60.50 to $67.50 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Weiss Ratings upgraded shares of Ternium from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Finally, Wall Street Zen upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.72.

Ternium Trading Down 0.7%

NYSE TX opened at $58.56 on Tuesday. The firm has a market cap of $11.74 billion, a P/E ratio of 16.45, a P/E/G ratio of 0.18 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. The stock’s 50-day moving average is $56.01 and its 200-day moving average is $48.95. Ternium has a one year low of $33.01 and a one year high of $59.32.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share for the quarter. Ternium had a return on equity of 4.26% and a net margin of 4.37%. The business had revenue of $4.34 billion for the quarter. Sell-side analysts anticipate that Ternium will post 6.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ternium

Several institutional investors have recently bought and sold shares of TX. Donald Smith & CO. Inc. acquired a new position in Ternium during the 2nd quarter worth approximately $134,131,000. Engineers Gate Manager LP grew its stake in shares of Ternium by 496.8% during the 2nd quarter. Engineers Gate Manager LP now owns 56,337 shares of the basic materials company’s stock worth $2,406,000 after acquiring an additional 46,897 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Ternium in the second quarter valued at approximately $5,704,000. Militia Capital Management LLC acquired a new stake in shares of Ternium in the first quarter valued at approximately $1,486,000. Finally, Nykredit A S acquired a new stake in shares of Ternium in the second quarter valued at approximately $10,564,000. Institutional investors 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.