Shares of Ternium S.A. (NYSE:TX – Get Rating) have earned a consensus recommendation of "Hold" from the six analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $41.80.
Several research firms recently weighed in on TX. Grupo Santander lowered Ternium from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $45.00 to $35.00 in a research note on Monday, November 28th. StockNews.com began coverage on Ternium in a research note on Wednesday, October 12th. They set a "buy" rating on the stock.
Get Ternium alerts:Hedge Funds Weigh In On Ternium
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC acquired a new stake in shares of Ternium during the second quarter worth $25,000. Penserra Capital Management LLC acquired a new stake in shares of Ternium during the third quarter worth $35,000. Captrust Financial Advisors increased its position in shares of Ternium by 100.0% during the first quarter. Captrust Financial Advisors now owns 1,000 shares of the basic materials company's stock worth $46,000 after buying an additional 500 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Ternium during the second quarter worth $50,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Ternium during the third quarter worth $57,000. 10.41% of the stock is currently owned by institutional investors and hedge funds.
Ternium Stock Up 1.1 %
Shares of NYSE TX opened at $35.75 on Friday. The stock's fifty day moving average is $31.17 and its 200 day moving average is $31.28. The stock has a market capitalization of $7.17 billion, a P/E ratio of 2.58 and a beta of 1.48. 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.Ternium (NYSE:TX – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The basic materials company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.92). The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.10 billion. Ternium had a net margin of 15.85% and a return on equity of 20.59%. Sell-side analysts forecast that Ternium will post 9.31 earnings per share for the current fiscal year.
Ternium Cuts Dividend
The firm also recently declared an annual dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Tuesday, November 15th were given a $0.90 dividend. This represents a yield of 3.25%. The ex-dividend date was Monday, November 14th. Ternium's dividend payout ratio (DPR) is currently 12.97%.
Ternium Company Profile
(Get Rating)
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.
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