Ternium (NYSE:TX) Hits New 1-Year High – Still a Buy?

Ternium S.A. (NYSE:TX)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $55.26 and last traded at $54.71, with a volume of 885585 shares changing hands. The stock had previously closed at $53.90.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Itau BBA Securities raised shares of Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a research note on Sunday, May 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ternium in a research note on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating and set a $57.00 price objective on shares of Ternium in a report on Friday, May 22nd. Bradesco Corretora raised Ternium to an “outperform” rating and set a $62.00 target price on the stock in a research report on Tuesday, May 19th. Finally, Wall Street Zen upgraded Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.94.

Ternium Stock Up 0.1%

The firm has a 50-day simple moving average of $47.06 and a 200 day simple moving average of $44.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.43. The company has a market capitalization of $10.97 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.20 and a beta of 1.25.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share for the quarter. Ternium had a return on equity of 4.26% and a net margin of 4.37%.The company had revenue of $4.34 billion during the quarter. On average, research analysts predict that Ternium S.A. will post 5.71 EPS for the current fiscal year.

Institutional Trading of Ternium

Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in shares of Ternium by 49.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 232 shares during the period. Parallel Advisors LLC boosted its stake in shares of Ternium by 101.2% in the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Ternium during the 4th quarter valued at $36,000. Camelot Portfolios LLC acquired a new stake in Ternium during the 4th quarter valued at $38,000. Finally, Advisory Services Network LLC purchased a new stake in Ternium during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Company Profile

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.