Ternium (NYSE:TX) Stock Rating Lowered by 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 to investors on Friday.

Several other brokerages have also issued reports on TX. The Goldman Sachs Group upped their target price on Ternium from $49.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. upped their target price on Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $52.33.

Ternium Price Performance

Shares of NYSE TX traded up $0.08 during midday trading on Friday, hitting $37.38. 68,363 shares of the company’s stock were exchanged, compared to its average volume of 212,526. Ternium has a 12-month low of $35.22 and a 12-month high of $45.58. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.08. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.19 and a beta of 1.79. The business’s fifty day moving average price is $39.87 and its two-hundred day moving average price is $40.33.

Ternium (NYSE:TX) last issued its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.30 by $0.54. Ternium had a return on equity of 10.21% and a net margin of 3.53%. The company had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.77 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. Ternium’s revenue was up 31.9% on a year-over-year basis. As a group, research analysts forecast that Ternium will post 7.95 EPS for the current fiscal year.

Institutional Trading of Ternium

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC raised its holdings in shares of Ternium by 1.8% during the first quarter. Lazard Asset Management LLC now owns 3,196,107 shares of the basic materials company’s stock valued at $133,021,000 after acquiring an additional 56,379 shares in the last quarter. Contrarian Capital Management L.L.C. raised its holdings in shares of Ternium by 8.9% during the fourth quarter. Contrarian Capital Management L.L.C. now owns 1,117,981 shares of the basic materials company’s stock valued at $47,481,000 after acquiring an additional 91,629 shares in the last quarter. Oaktree Capital Management LP raised its holdings in shares of Ternium by 7.4% during the fourth quarter. Oaktree Capital Management LP now owns 958,237 shares of the basic materials company’s stock valued at $40,696,000 after acquiring an additional 66,082 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Ternium by 25.6% during the fourth quarter. Wellington Management Group LLP now owns 248,980 shares of the basic materials company’s stock valued at $10,574,000 after acquiring an additional 50,743 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Ternium by 20,865.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 220,765 shares of the basic materials company’s stock valued at $9,188,000 after acquiring an additional 219,712 shares in the last quarter. 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.