The Ternium SA (TX) Stock Rating Lowered by Zacks Investment Research

The Ternium SA (TX) Stock Rating Lowered by Zacks Investment Research

According to Zacks, “Ternium is the leading producer of flat and long steel products of Latin America and consolidates the operations of the steel companies Hylsa in Mexico, Siderar in Argentina and Sidor in Venezuela. It create value with our customers, jointly improving competitiveness and productivity, through a highly efficient industrial and technological base and a global commercial network. “

Zacks Investment Research lowered shares of Ternium SA (NYSE:TX) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Several other research analysts have also commented on the company. Berenberg Bank reiterated a buy rating and issued a $30.50 price target on shares of Ternium SA in a research report on Sunday, February 19th. HSBC Holdings plc upgraded Ternium SA from a hold rating to a buy rating and lifted their price target for the stock from $25.00 to $31.00 in a research report on Thursday, February 23rd. Finally, Credit Suisse Group AG set a $24.00 price target on Ternium SA and gave the stock a hold rating in a research report on Saturday, February 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Ternium SA presently has an average rating of Buy and a consensus target price of $28.20.

Several other research analysts have also commented on the company. Berenberg Bank reiterated a buy rating and issued a $30.50 price target on shares of Ternium SA in a research report on Sunday, February 19th. HSBC Holdings plc upgraded Ternium SA from a hold rating to a buy rating and lifted their price target for the stock from $25.00 to $31.00 in a research report on Thursday, February 23rd. Finally, Credit Suisse Group AG set a $24.00 price target on Ternium SA and gave the stock a hold rating in a research report on Saturday, February 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Ternium SA presently has an average rating of Buy and a consensus target price of $28.20. Shares of Ternium SA (NYSE TX) opened at 25.78 on Tuesday. Ternium SA has a 1-year low of $17.63 and a 1-year high of $28.04. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 6.64 and a beta of 1.16. The stock has a 50 day moving average price of $25.19 and a 200-day moving average price of $24.90.

Ternium SA (NYSE:TX) last released its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.52. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.97 billion. Ternium SA had a return on equity of 11.49% and a net margin of 5.29%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. Equities research analysts forecast that Ternium SA will post $3.08 earnings per share for the current year. The business also recently declared a dividend, which was paid on Tuesday, May 9th. Investors of record on Tuesday, May 9th were given a $1.00 dividend. The ex-dividend date was Friday, May 5th. This is a positive change from Ternium SA’s previous dividend of $0.90. Ternium SA’s dividend payout ratio (DPR) is currently 50.28%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oldfield Partners LLP raised its position in Ternium SA by 46.5% in the first quarter. Oldfield Partners LLP now owns 2,314,439 shares of the basic materials company’s stock valued at $41,614,000 after buying an additional 735,110 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Ternium SA during the fourth quarter valued at approximately $17,760,000. Investec Asset Management LTD raised its position in Ternium SA by 41.0% in the fourth quarter. Investec Asset Management LTD now owns 1,811,385 shares of the basic materials company’s stock valued at $43,745,000 after buying an additional 526,706 shares in the last quarter. Renaissance Technologies LLC raised its position in Ternium SA by 28.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,205,900 shares of the basic materials company’s stock valued at $29,122,000 after buying an additional 269,600 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Ternium SA by 65.0% in the first quarter. Van ECK Associates Corp now owns 579,464 shares of the basic materials company’s stock valued at $15,136,000 after buying an additional 228,250 shares in the last quarter. Institutional investors own 22.64% of the company’s stock. About Ternium SA

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Get a free copy of the Zacks research report on Ternium SA (TX)

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