Ternium (NYSE:TX) Sets New 1-Year High – What’s Next?

Ternium S.A. (NYSE:TX) hit a new 52-week high on Tuesday . The company traded as high as $50.59 and last traded at $49.56, with a volume of 79535 shares. The stock had previously closed at $46.99.

Analysts Set New Price Targets

Several research firms have recently commented on TX. UBS Group increased their price target on shares of Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Ternium in a research report on Wednesday, May 20th. Zacks Research downgraded Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Wells Fargo & Company lifted their target price on Ternium from $36.00 to $43.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Finally, Bank of America upgraded Ternium from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.35.

Ternium Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.63. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 17.08 and a beta of 1.26. The firm’s 50-day moving average price is $42.54 and its 200 day moving average price is $40.89.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. The firm had revenue of $3.93 billion for the quarter. On average, sell-side analysts anticipate that Ternium S.A. will post 4.04 EPS for the current year.

Institutional Investors Weigh In On Ternium

A number of institutional investors have recently made changes to their positions in TX. EverSource Wealth Advisors LLC lifted its stake in Ternium by 49.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after buying an additional 232 shares during the period. Parallel Advisors LLC increased its stake in shares of Ternium by 101.3% in the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 405 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Ternium in the 4th quarter valued at about $36,000. Camelot Portfolios LLC acquired a new stake in shares of Ternium in the 4th quarter valued at approximately $38,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Ternium in the 3rd quarter valued at approximately $38,000. 11.98% of the stock is owned by institutional investors and hedge funds.

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.