Posted by admin on Jul 23rd, 2022

Ternium S.A. (NYSE:TX – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $56.63.

Several research firms have recently commented on TX. Morgan Stanley lowered their price target on shares of Ternium from $48.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 6th. StockNews.com upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 14th.

Shares of NYSE:TX opened at $33.10 on Friday. The company’s fifty day moving average is $38.30 and its two-hundred day moving average is $41.53. The company has a quick ratio of 1.86, a current ratio of 3.20 and a debt-to-equity ratio of 0.07. Ternium has a 12-month low of $29.83 and a 12-month high of $56.86. The company has a market cap of $6.64 billion, a P/E ratio of 1.63 and a beta of 1.59.

Ternium (NYSE:TX – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The basic materials company reported $3.95 EPS for the quarter, beating the consensus estimate of $2.92 by $1.03. Ternium had a net margin of 23.32% and a return on equity of 34.27%. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the previous year, the company posted $3.07 EPS. Equities analysts expect that Ternium will post 13.01 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its holdings in Ternium by 31.9% during the fourth quarter. Acadian Asset Management LLC now owns 4,947,487 shares of the basic materials company’s stock valued at $215,270,000 after acquiring an additional 1,197,260 shares during the period. Schroder Investment Management Group boosted its holdings in Ternium by 5.8% during the fourth quarter. Schroder Investment Management Group now owns 2,075,788 shares of the basic materials company’s stock valued at $9,033,000 after acquiring an additional 114,543 shares during the period. Lazard Asset Management LLC raised its position in shares of Ternium by 6,399.5% during the first quarter. Lazard Asset Management LLC now owns 1,060,919 shares of the basic materials company’s stock valued at $48,429,000 after buying an additional 1,044,596 shares during the last quarter. Cape Ann Asset Management Ltd raised its position in shares of Ternium by 2.1% during the first quarter. Cape Ann Asset Management Ltd now owns 814,085 shares of the basic materials company’s stock valued at $37,163,000 after buying an additional 16,500 shares during the last quarter. Finally, Oldfield Partners LLP acquired a new position in shares of Ternium during the first quarter valued at about $39,208,000. 12.28% of the stock is currently owned by institutional investors.

Ternium SA manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.

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