The Goldman Sachs Group Has Lowered Expectations for Ternium (NYSE:TX) Stock Price

Ternium (NYSE:TX) had its target price decreased by stock analysts at The Goldman Sachs Group from $45.00 to $39.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 30.22% from the company’s previous close.

Separately, StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Ternium Stock Down 1.0 %

Ternium stock opened at $29.95 on Thursday. The company has a quick ratio of 1.67, a current ratio of 2.92 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $5.88 billion, a P/E ratio of 74.88, a P/E/G ratio of 0.34 and a beta of 1.76. The firm has a 50 day moving average price of $29.85 and a 200-day moving average price of $32.93. Ternium has a twelve month low of $28.37 and a twelve month high of $44.44.

Ternium (NYSE:TX) last released its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period last year, the business posted $1.38 earnings per share. The business’s revenue for the quarter was down 13.6% on a year-over-year basis. As a group, equities analysts predict that Ternium will post 3.7 EPS for the current year.

Institutional Investors Weigh In On Ternium

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Ternium by 72.1% in the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 385 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Ternium in the 4th quarter worth about $54,000. R Squared Ltd purchased a new position in Ternium during the 4th quarter valued at about $88,000. SBI Securities Co. Ltd. bought a new stake in shares of Ternium during the fourth quarter valued at about $104,000. Finally, Blue Trust Inc. increased its position in shares of Ternium by 216.9% during the third quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company’s stock valued at $170,000 after buying an additional 3,104 shares during the period. Institutional investors own 11.98% of the company’s stock.

Ternium Company Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.