J.P. Morgan analyst Rodolfo Angele maintained a Buy rating on Ternium SA (TX – Research Report) yesterday and set a price target of $50.50. The company’s shares closed yesterday at $37.31.
According to TipRanks, Angele is a 2-star analyst with an average return of 0.6% and a 41.03% success rate. Angele covers the Basic Materials sector, focusing on stocks such as Ternium SA, Vale SA, and Southern Copper.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ternium SA with a $48.75 average price target.
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TX market cap is currently $7.32B and has a P/E ratio of 6.28.
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Ternium SA (TX) Company Description:
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.
