StockNews.com Upgrades Ternium (NYSE:TX) to “Buy”

Ternium (NYSE:TX) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Separately, JPMorgan Chase & Co. raised their price target on shares of Ternium from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $52.33.

Ternium Trading Up 2.3 %

Shares of TX stock opened at $36.58 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 2.74 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $7.33 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.15 and a beta of 1.76. Ternium has a twelve month low of $30.68 and a twelve month high of $44.44. The stock’s fifty day simple moving average is $34.24 and its 200 day simple moving average is $38.41.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($1.36). The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.57 billion. Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.19 EPS. As a group, sell-side analysts predict that Ternium will post 7.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Ternium

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Ternium by 2.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,751 shares of the basic materials company’s stock worth $1,699,000 after acquiring an additional 1,067 shares during the period. Blue Trust Inc. boosted its position in shares of Ternium by 3,152.3% during the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 1,387 shares in the last quarter. Inspire Investing LLC grew its stake in Ternium by 5.0% during the second quarter. Inspire Investing LLC now owns 38,136 shares of the basic materials company’s stock worth $1,432,000 after purchasing an additional 1,816 shares during the period. QRG Capital Management Inc. increased its holdings in Ternium by 28.9% in the second quarter. QRG Capital Management Inc. now owns 9,110 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 2,045 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Ternium by 4.3% in the second quarter. Principal Financial Group Inc. now owns 59,229 shares of the basic materials company’s stock valued at $2,224,000 after buying an additional 2,437 shares during the period. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Company Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.