Brokerages Set Ternium SA (NYSE:TX) Price Target at $22.68
Ternium SA (NYSE:TX) has received an average rating of “Buy” from the eight analysts that are currently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a 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 $22.02.
A number of brokerages have issued reports on TX. TheStreet upgraded Ternium SA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research upgraded Ternium SA from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Saturday, August 6th. JPMorgan Chase & Co. upped their price objective on Ternium SA from $27.00 to $29.50 and gave the company an “overweight” rating in a research note on Friday, August 5th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $21.00 price objective on shares of Ternium SA in a research note on Tuesday, September 27th.
Ternium SA (NYSE:TX) opened at 19.14 on Monday. The firm has a market cap of $3.76 billion, a P/E ratio of 25.55 and a beta of 1.56. The company has a 50-day moving average price of $19.87 and a 200-day moving average price of $19.72. Ternium SA has a 1-year low of $10.28 and a 1-year high of $23.60.
Ternium SA (NYSE:TX) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.14. The firm earned $1.86 billion during the quarter, compared to the consensus estimate of $2.01 billion. Ternium SA had a return on equity of 7.24% and a net margin of 2.42%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. On average, equities research analysts forecast that Ternium SA will post $2.54 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. SignalPoint Asset Management LLC increased its position in Ternium SA by 7.4% in the second quarter. SignalPoint Asset Management LLC now owns 41,659 shares of the company’s stock valued at $794,000 after buying an additional 2,873 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Ternium SA during the second quarter worth about $198,000. Bank of Montreal Can bought a new stake in shares of Ternium SA during the second quarter worth about $1,240,000. Dorsey Wright & Associates bought a new stake in shares of Ternium SA during the second quarter worth about $342,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Ternium SA by 64.9% in the second quarter. Acadian Asset Management LLC now owns 6,431,660 shares of the company’s stock worth $122,584,000 after buying an additional 2,532,434 shares during the period. Institutional investors own 21.35% of the company’s stock.
Ternium SA Company Profile
Ternium SA is a steel producer in Latin America. The Company manufactures and processes a range of steel products, including galvanized and electro-galvanized sheets, pre-painted sheets, tinplate, welded pipes, hot-rolled flat products, cold-rolled products, bars and wire rods, as well as slitted and cut-to-length offerings through its service centers.
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