Ternium SA (NYSE:TX) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $33.50.
Several brokerages have issued reports on TX. Zacks Investment Research upgraded Ternium from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, January 30th. Goldman Sachs Group began coverage on Ternium in a research report on Thursday, December 13th. They set a “buy” rating for the company. Banco Santander lowered Ternium to a “hold” rating and set a $35.00 target price for the company. in a research report on Wednesday, December 12th. Santander lowered Ternium from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Finally, Itau BBA Securities lowered Ternium from an “outperform” rating to a “market perform” rating in a research report on Monday, January 14th.
NYSE TX traded down $0.03 during trading hours on Wednesday, hitting $27.93. 1,005 shares of the company were exchanged, compared to its average volume of 315,240. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.42 and a quick ratio of 0.95. Ternium has a 52 week low of $25.52 and a 52 week high of $42.43. The stock has a market capitalization of $5.76 billion, a P/E ratio of 3.64, a PEG ratio of 0.84 and a beta of 0.86.
Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, February 19th. The basic materials company reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.17. Ternium had a return on equity of 23.04% and a net margin of 13.17%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Ternium will post 4.55 earnings per share for the current fiscal year.
The company also recently declared an annual dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, May 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a dividend yield of 4.39%. Ternium’s payout ratio is 14.34%.
Several hedge funds and other institutional investors have recently made changes to their positions in TX. BlackRock Inc. boosted its holdings in shares of Ternium by 75.9% in the third quarter. BlackRock Inc. now owns 10,768 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 4,647 shares during the period. Hsbc Holdings PLC purchased a new stake in Ternium during the third quarter worth $1,467,000. GSA Capital Partners LLP purchased a new stake in Ternium during the third quarter worth $358,000. Allianz Asset Management GmbH lifted its holdings in Ternium by 0.6% during the third quarter. Allianz Asset Management GmbH now owns 356,383 shares of the basic materials company’s stock worth $10,794,000 after buying an additional 1,973 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Ternium by 38.6% during the third quarter. Renaissance Technologies LLC now owns 386,000 shares of the basic materials company’s stock worth $11,692,000 after buying an additional 107,554 shares during the period.
Ternium Company Profile
Ternium SA, through its subsidiaries, manufactures and processes 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 in two segments, Steel and Mining. The Steel segment offers steel products, including 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; and sells energy.
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