Ternium (NYSE:TX) Stock Rating Lowered by StockNews.com

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

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

Ternium Price Performance

NYSE TX opened at $42.10 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.98 and a current ratio of 3.32. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 12.49 and a beta of 1.69. The business has a 50 day simple moving average of $41.26 and a 200 day simple moving average of $39.85. Ternium has a 52-week low of $35.22 and a 52-week high of $45.58.

Ternium (NYSE:TX) last released its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.84 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.77 billion. During the same quarter in the prior year, the company earned $1.91 earnings per share. The business’s quarterly revenue was up 31.9% compared to the same quarter last year. Analysts anticipate that Ternium will post 6.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ternium

Several hedge funds have recently modified their holdings of TX. Key Financial Inc increased its holdings in Ternium by 5,900.0% during the fourth 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. Blue Trust Inc. bought a new position in shares of Ternium in the 4th quarter valued at about $30,000. Activest Wealth Management acquired a new position in shares of Ternium during the 1st quarter worth about $44,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Ternium by 49.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 350 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Ternium by 19.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 287 shares during the last quarter. 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.