In a report released yesterday, Caio Ribeiro from Bank of America Securities maintained a Hold rating on Ternium SA (TX – Research Report), with a price target of $47.00. The company’s shares closed yesterday at $39.60.
According to TipRanks, Ribeiro is a 2-star analyst with an average return of 4.0% and a 54.55% success rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ternium SA with a $48.88 average price target.
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TX market cap is currently $7.77B and has a P/E ratio of 5.80.
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Ternium SA engages in the manufacturing and trade of steel products. The firm offers its products to construction, automotive, manufacturing, home appliances, packaging, energy, and transport industries. It operates through the Steel and Mining segments. The Steel segment include slabs, billets, and round bars; hot-rolled coils and sheets; bars and stirrups; wire rods; tin plate; hot dipped galvanized and electrogalvanized sheets; and pre-painted sheets, steel pipes, and tubular products. The Mining segment sells iron ore as concentrates and pellets. The company was founded in September 1961 and is headquartered in Luxembourg.
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