StockNews.com Downgrades Ternium (NYSE:TX) to Hold

Ternium (NYSE:TX) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Separately, JPMorgan Chase & Co. lifted their price target on Ternium from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Ternium currently has an average rating of “Moderate Buy” and an average target price of $52.33.

Ternium Stock Performance

NYSE:TX traded up $0.22 during trading hours on Friday, reaching $34.07. The stock had a trading volume of 174,557 shares, compared to its average volume of 219,382. Ternium has a 12-month low of $31.07 and a 12-month high of $44.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.57 and a current ratio of 2.74. The stock has a 50 day simple moving average of $36.89 and a 200 day simple moving average of $39.52. The stock has a market cap of $6.83 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 0.22 and a beta of 1.79.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $1.25 by ($1.36). The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business posted $3.19 EPS. On average, research analysts forecast that Ternium will post 7.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Ternium

Institutional investors and hedge funds have recently made changes to their positions in the business. Key Financial Inc increased its holdings in shares of Ternium by 5,900.0% in the 4th quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock worth $25,000 after buying an additional 590 shares during the last quarter. Activest Wealth Management purchased a new position in Ternium in the first quarter worth $44,000. Allspring Global Investments Holdings LLC increased its stake in Ternium by 49.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 350 shares during the last quarter. Blue Trust Inc. raised its position in Ternium by 3,152.3% during the second quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 1,387 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Ternium by 19.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 287 shares during the last quarter. Hedge funds and other 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.