Ternium (NYSE:TX) Given New $51.50 Price Target at JPMorgan Chase & Co.

Ternium (NYSE:TXGet Free Report) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $48.00 to $51.50 in a report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 25.98% from the company’s current price.

Separately, TheStreet raised Ternium from a “c+” rating to a “b-” rating in a research note on Friday, January 12th.

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Ternium Price Performance

Shares of NYSE TX opened at $40.88 on Thursday. The firm has a market capitalization of $8.03 billion, a P/E ratio of 11.88, a PEG ratio of 0.96 and a beta of 1.69. Ternium has a one year low of $35.22 and a one year high of $45.58. The company’s fifty day moving average is $39.25 and its two-hundred day moving average is $39.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.86 and a current ratio of 3.16.

Ternium (NYSE:TXGet Free Report) last released its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.79. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.94 billion. Ternium had a return on equity of 10.84% and a net margin of 3.84%. The business’s revenue was up 39.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 EPS. Analysts forecast that Ternium will post 8.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in Ternium by 29.0% in the 4th quarter. Lazard Asset Management LLC now owns 3,681,706 shares of the basic materials company’s stock valued at $112,512,000 after purchasing an additional 827,276 shares during the last quarter. Ninety One UK Ltd raised its stake in Ternium by 20.5% in the 3rd quarter. Ninety One UK Ltd now owns 1,715,948 shares of the basic materials company’s stock valued at $68,466,000 after purchasing an additional 291,825 shares during the last quarter. Contrarian Capital Management L.L.C. raised its stake in Ternium by 8.9% in the 4th quarter. Contrarian Capital Management L.L.C. now owns 1,117,981 shares of the basic materials company’s stock valued at $47,481,000 after purchasing an additional 91,629 shares during the last quarter. Victory Capital Management Inc. raised its stake in Ternium by 48.7% in the 3rd quarter. Victory Capital Management Inc. now owns 966,286 shares of the basic materials company’s stock valued at $38,555,000 after purchasing an additional 316,432 shares during the last quarter. Finally, Oaktree Capital Management LP increased its stake in shares of Ternium by 7.4% during the 4th quarter. Oaktree Capital Management LP now owns 958,237 shares of the basic materials company’s stock valued at $40,696,000 after acquiring an additional 66,082 shares during the last quarter. Institutional investors and hedge funds own 12.07% of the company’s stock.

Ternium Company Profile

(Get Free Report)

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.

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