Ternium S.A. (NYSE:TX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Posted by Defense World Staff on May 19th, 2023

Ternium S.A. (NYSE:TX – Get Rating) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $46.43.

TX has been the topic of a number of research analyst reports. Bank of America upgraded Ternium from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $42.00 in a research note on Monday, January 23rd. StockNews.com raised Ternium from a “buy” rating to a “strong-buy” rating in a report on Friday, May 12th. Itau BBA Securities downgraded Ternium from an “outperform” rating to a “market perform” rating and increased their target price for the company from $40.00 to $49.00 in a report on Thursday, March 9th. HSBC raised their price target on Ternium from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Finally, Citigroup started coverage on shares of Ternium in a research note on Wednesday, February 1st. They issued a “buy” rating and a $50.00 price objective for the company.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. bought a new stake in shares of Ternium in the first quarter valued at approximately $85,000. Sei Investments Co. grew its position in shares of Ternium by 6.0% during the 1st quarter. Sei Investments Co. now owns 150,775 shares of the basic materials company’s stock worth $6,883,000 after buying an additional 8,595 shares during the period. XTX Topco Ltd bought a new stake in Ternium in the 1st quarter valued at about $201,000. Employees Retirement System of Texas grew its holdings in shares of Ternium by 12.4% during the first quarter. Employees Retirement System of Texas now owns 61,459 shares of the basic materials company’s stock valued at $2,806,000 after buying an additional 6,781 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in Ternium by 6,399.5% in the 1st quarter. Lazard Asset Management LLC now owns 1,060,919 shares of the basic materials company’s stock valued at $48,429,000 after buying an additional 1,044,596 shares during the last quarter. Institutional investors and hedge funds own 10.41% of the company’s stock.

Ternium Price Performance

Shares of TX stock opened at $40.14 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.55 and a current ratio of 4.00. The stock has a market cap of $8.05 billion, a PE ratio of 5.77 and a beta of 1.54. The firm’s 50 day moving average price is $40.42 and its two-hundred day moving average price is $36.79. Ternium has a 52-week low of $26.01 and a 52-week high of $45.81.

Ternium (NYSE:TX – Get Rating) last released its earnings results on Tuesday, April 25th. The basic materials company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.93. Ternium had a net margin of 8.68% and a return on equity of 9.84%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the firm earned $3.95 earnings per share. The firm’s revenue for the quarter was down 15.8% compared to the same quarter last year. As a group, analysts forecast that Ternium will post 6.87 EPS for the current year.

Ternium Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, May 5th were issued a $1.80 dividend. This represents a yield of 6.9%. The ex-dividend date was Thursday, May 4th. Ternium’s dividend payout ratio (DPR) is presently 51.72%.

Ternium Company Profile

(Get Rating)

Ternium SA engages in the production of flat steel. It operates through the Steel and Mining segments. The Steel segment includes the sales of steel products. The Mining segment involves in the sales of mining products, mainly iron ore and pellets. The company was founded in September 1961 and is headquartered in Luxembourg.