In a report released today, Rodolfo Angele from J.P. Morgan maintained a Buy rating on Ternium SA (TX – Research Report), with a price target of $51.50. The company’s shares closed yesterday at $40.10.
According to TipRanks, Angele is a 2-star analyst with an average return of 0.7% and a 47.50% success rate. Angele covers the Basic Materials sector, focusing on stocks such as Vale SA, Ternium SA, and Nexa Resources SA.
Currently, the analyst consensus on Ternium SA is a Strong Buy with an average price target of $49.63, which is a 23.77% upside from current levels. In a report released on November 20, Bank of America Securities also upgraded the stock to a Buy with a $47.00 price target.
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TX market cap is currently $7.69B and has a P/E ratio of 26.81.
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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.
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