Wall Street Zen Downgrades Ternium (NYSE:TX) to Hold

Ternium (NYSE:TX) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts also recently commented on the stock. Morgan Stanley downgraded shares of Ternium from an “overweight” rating to an “equal weight” rating and set a $34.00 price target for the company. in a report on Monday, July 21st. Hsbc Global Res raised shares of Ternium to a “strong-buy” rating in a report on Friday, October 17th. Zacks Research downgraded shares of Ternium from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Wells Fargo & Company upgraded Ternium to a “strong sell” rating in a research report on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ternium in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.69.

Ternium Trading Up 1.8%

Shares of Ternium stock opened at $36.05 on Friday. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 12.14 and a beta of 1.52. The business has a 50-day moving average price of $35.07 and a 200-day moving average price of $31.86. The company has a quick ratio of 1.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Ternium has a twelve month low of $24.00 and a twelve month high of $38.15.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Ternium had a net margin of 3.72% and a return on equity of 1.88%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. Equities research analysts anticipate that Ternium will post 4.37 EPS for the current fiscal year.

Institutional Trading of Ternium

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of Ternium by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 303 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Ternium by 201,700.0% during the first quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 2,017 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Ternium by 17.5% during the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 335 shares in the last quarter. State of Wyoming bought a new stake in shares of Ternium during the second quarter valued at approximately $119,000. Finally, Rexford Capital Inc. bought a new stake in shares of Ternium during the second quarter valued at approximately $121,000. Institutional investors own 11.98% of the company’s stock.

About Ternium

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.