Ternium (NYSE:TX) Downgraded to “Buy” at StockNews.com

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

A number of other equities research analysts have also recently commented on TX. The Goldman Sachs Group raised their price objective on Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. lifted their price target on shares of Ternium from $48.00 to $51.50 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Finally, TheStreet upgraded shares of Ternium from a “c+” rating to a “b-” rating in a report on Friday, January 12th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $50.83.

Ternium Price Performance

TX stock opened at $42.10 on Monday. The company’s fifty day simple moving average is $41.26 and its 200 day simple moving average is $39.85. Ternium has a 12-month low of $35.22 and a 12-month high of $45.58. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 12.49 and a beta of 1.69. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.08.

Ternium (NYSE:TX) last released its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.54. Ternium had a net margin of 3.53% and a return on equity of 10.21%. The company had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.77 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The business’s revenue was up 31.9% on a year-over-year basis. On average, analysts expect that Ternium will post 6.14 earnings per share for the current year.

Institutional Investors Weigh In On Ternium

Several institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in Ternium during the fourth quarter worth about $1,328,000. Canada Pension Plan Investment Board boosted its stake in shares of Ternium by 42.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 131,260 shares of the basic materials company’s stock worth $5,237,000 after buying an additional 39,200 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Ternium by 11.6% in the third quarter. Van ECK Associates Corp now owns 142,325 shares of the basic materials company’s stock valued at $5,679,000 after acquiring an additional 14,811 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Ternium by 4.9% during the third quarter. Advisors Asset Management Inc. now owns 25,570 shares of the basic materials company’s stock valued at $1,020,000 after acquiring an additional 1,186 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Ternium by 40,884.6% during the third quarter. Barclays PLC now owns 10,656 shares of the basic materials company’s stock worth $426,000 after acquiring an additional 10,630 shares during the period. 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.