Ternium S.A. (NYSE:TX) Receives $36.06 Consensus Price Target from Analysts

Shares of Ternium S.A. (NYSE:TX) have received a consensus rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $36.0625.

Several equities analysts have recently issued reports on the company. HSBC set a $41.00 price target on Ternium and gave the company a “buy” rating in a research note on Friday, October 17th. Wall Street Zen cut Ternium from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Wells Fargo & Company upped their target price on shares of Ternium from $30.00 to $34.00 and gave the company an “underweight” rating in a research report on Wednesday, January 21st. Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ternium in a research report on Wednesday, January 21st.

Ternium Stock Performance

TX stock opened at $44.67 on Friday. The company has a 50 day moving average price of $40.66 and a 200 day moving average price of $36.80. Ternium has a fifty-two week low of $24.00 and a fifty-two week high of $45.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 1.42. The stock has a market capitalization of $8.96 billion, a PE ratio of 15.04 and a beta of 1.34.

Institutional Trading of Ternium

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Ternium by 49.2% in the 4th 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. GAMMA Investing LLC increased its holdings in Ternium by 40.0% in the third quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 303 shares during the last quarter. Camelot Portfolios LLC acquired a new position in Ternium in the fourth quarter valued at about $38,000. Advisory Services Network LLC acquired a new position in Ternium in the third quarter valued at about $38,000. Finally, JPMorgan Chase & Co. boosted its holdings in Ternium by 142.1% during the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after buying an additional 736 shares during the last quarter. Institutional investors own 11.98% of the company’s stock.

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.