Shares of Ternium SA (NYSE:TX) have earned an average recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $26.90.

A number of brokerages recently weighed in on TX. Morgan Stanley lowered Ternium from an “overweight” rating to an “equal weight” rating and set a $27.00 price objective on the stock. in a report on Monday, August 12th. UBS Group lowered their target price on Ternium from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Finally, Bradesco Corretora reissued a “neutral” rating and issued a $19.00 target price on shares of Ternium in a report on Tuesday, August 13th.

TX stock traded down $0.14 on Friday, reaching $19.83. 366,600 shares of the company’s stock were exchanged, compared to its average volume of 367,999. The stock has a fifty day moving average of $18.93 and a 200-day moving average of $23.80. Ternium has a twelve month low of $16.12 and a twelve month high of $32.99. The firm has a market cap of $3.67 billion, a PE ratio of 2.59, a P/E/G ratio of 0.79 and a beta of 0.67. The company has a quick ratio of 1.16, a current ratio of 2.30 and a debt-to-equity ratio of 0.27.

Ternium (NYSE:TX) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.15. Ternium had a return on equity of 16.62% and a net margin of 11.17%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.69 billion. On average, equities research analysts predict that Ternium will post 3.14 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Prudential PLC grew its holdings in Ternium by 0.5% in the second quarter. Prudential PLC now owns 128,100 shares of the basic materials company’s stock valued at $2,873,000 after purchasing an additional 699 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of Ternium during the first quarter valued at $40,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Ternium by 156.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,491 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 1,520 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Ternium during the second quarter valued at $58,000. Finally, Aperio Group LLC boosted its stake in shares of Ternium by 19.1% during the second quarter. Aperio Group LLC now owns 17,789 shares of the basic materials company’s stock valued at $399,000 after acquiring an additional 2,848 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Ternium (NYSE:TX)

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