Ternium S.A. (NYSE:TX – Get Rating) has been assigned a consensus recommendation of "Hold" from the seven research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $45.00.
Several analysts recently weighed in on the stock. Grupo Santander cut shares of Ternium from an "outperform" rating to a "neutral" rating and cut their price target for the company from $45.00 to $35.00 in a report on Monday, November 28th. The Goldman Sachs Group cut their price target on shares of Ternium from $60.00 to $52.00 and set a "buy" rating on the stock in a report on Tuesday, September 6th. StockNews.com assumed coverage on shares of Ternium in a report on Wednesday, October 12th. They issued a "buy" rating on the stock. Finally, Bank of America cut shares of Ternium from a "buy" rating to a "neutral" rating and cut their price target for the company from $53.00 to $40.00 in a report on Friday, August 26th.
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Hedge Funds Weigh In On Ternium
Several large investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its position in shares of Ternium by 11.8% in the 3rd quarter. Lazard Asset Management LLC now owns 2,854,430 shares of the basic materials company's stock worth $78,181,000 after purchasing an additional 301,864 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Ternium by 18.0% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,383,756 shares of the basic materials company's stock worth $49,940,000 after purchasing an additional 211,356 shares during the last quarter. Prudential PLC raised its position in Ternium by 21.4% in the 3rd quarter. Prudential PLC now owns 958,337 shares of the basic materials company's stock worth $26,249,000 after buying an additional 169,132 shares during the last quarter. Contrarian Capital Management L.L.C. raised its position in Ternium by 2.7% in the 2nd quarter. Contrarian Capital Management L.L.C. now owns 934,581 shares of the basic materials company's stock worth $33,729,000 after buying an additional 24,366 shares during the last quarter. Finally, TT International Asset Management LTD raised its position in Ternium by 7.3% in the 3rd quarter. TT International Asset Management LTD now owns 857,402 shares of the basic materials company's stock worth $23,484,000 after buying an additional 58,347 shares during the last quarter. Hedge funds and other institutional investors own 11.23% of the company's stock.
Ternium Stock Up 1.8 %
Shares of Ternium stock opened at $29.32 on Tuesday. 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 52-week low of $26.01 and a 52-week high of $50.36. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 2.11 and a beta of 1.50. The company's 50 day moving average price is $29.90 and its 200-day moving average price is $32.18.
Ternium (NYSE:TX – Get Rating) last issued its earnings results on Thursday, November 3rd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.92). Ternium had a return on equity of 20.59% and a net margin of 15.85%. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.10 billion. Equities research analysts forecast that Ternium will post 9.31 EPS for the current year.
Ternium Cuts Dividend
The company also recently disclosed an annual dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Tuesday, November 15th were given a dividend of $0.90 per share. This represents a yield of 3.25%. The ex-dividend date was Monday, November 14th. Ternium's dividend payout ratio is currently 12.97%.
About Ternium
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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
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