Ternium (NYSE:TX) Reaches New 12-Month Low at $31.03

Ternium S.A. (NYSE:TX)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $31.03 and last traded at $31.08, with a volume of 35090 shares. The stock had previously closed at $31.74.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Ternium from a “hold” rating to a “buy” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ternium has an average rating of “Buy” and an average target price of $52.33.

Ternium Price Performance

The company has a fifty day moving average of $34.98 and a 200-day moving average of $38.85. The firm has a market cap of $6.18 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.21 and a beta of 1.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($1.36). Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period last year, the company posted $3.19 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that Ternium S.A. will post 7.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Ternium

Several institutional investors and hedge funds have recently made changes to their positions in the business. Activest Wealth Management bought a new stake in Ternium during the 1st quarter valued at $44,000. Blue Trust Inc. boosted its holdings in shares of Ternium by 3,152.3% during the second quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 1,387 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Ternium by 19.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 287 shares during the last quarter. SG Americas Securities LLC purchased a new position in Ternium during the 1st quarter valued at about $107,000. Finally, Virtus Investment Advisers Inc. bought a new position in Ternium during the 1st quarter valued at approximately $202,000. Institutional investors own 11.98% of the company’s stock.

About Ternium

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.