Ternium S.A. (NYSE:TX) Given Consensus Rating of “Moderate Buy” by Analysts

Ternium S.A. (NYSE:TXGet Rating) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $47.00.

TX has been the subject of a number of recent analyst reports. Bank of America cut Ternium from a “buy” rating to a “neutral” rating and cut their price objective for the company from $53.00 to $40.00 in a research report on Friday, August 26th. The Goldman Sachs Group decreased their target price on Ternium from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, September 6th. Finally, StockNews.com began coverage on Ternium in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock.

Ternium Price Performance

Shares of NYSE TX opened at $30.92 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.31 and a current ratio of 4.21. Ternium has a fifty-two week low of $26.01 and a fifty-two week high of $50.36. The company has a market cap of $6.20 billion, a PE ratio of 2.23 and a beta of 1.47. The business has a 50-day simple moving average of $29.14 and a two-hundred day simple moving average of $33.63.

Ternium Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 15th were given a $0.90 dividend. This represents a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, November 14th. Ternium’s dividend payout ratio is currently 12.97%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC lifted its position in shares of Ternium by 140.6% during the 2nd quarter. Lazard Asset Management LLC now owns 2,552,566 shares of the basic materials company’s stock valued at $92,121,000 after acquiring an additional 1,491,647 shares during the last quarter. Oldfield Partners LLP bought a new position in Ternium during the third quarter worth about $16,117,000. Helikon Investments Ltd bought a new position in Ternium during the third quarter worth about $9,008,000. Renaissance Technologies LLC increased its holdings in shares of Ternium by 279.8% during the third quarter. Renaissance Technologies LLC now owns 362,700 shares of the basic materials company’s stock worth $9,934,000 after buying an additional 267,200 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Ternium by 18.0% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,383,756 shares of the basic materials company’s stock valued at $49,940,000 after purchasing an additional 211,356 shares in the last quarter. Institutional investors and hedge funds own 11.23% of the company’s stock.

Ternium Company Profile

(Get Rating)

Ternium SA manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.

Further Reading

Analyst Recommendations for Ternium (NYSE:TX)

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