Ternium (NYSE:TX) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Ternium (NYSE:TX) from a hold rating to a buy rating in a report released on Wednesday morning.

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

Ternium Stock Up 1.0 %

Ternium stock opened at $37.06 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.57 and a current ratio of 2.74. Ternium has a fifty-two week low of $30.68 and a fifty-two week high of $44.44. The stock has a 50-day simple moving average of $34.27 and a 200-day simple moving average of $38.34. The company has a market capitalization of $7.43 billion, a P/E ratio of 11.00, a PEG ratio of 0.18 and a beta of 1.76.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 quarter last year, the company earned $3.19 EPS. Ternium’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities research analysts expect that Ternium will post 5.97 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its holdings in Ternium by 1.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,196,107 shares of the basic materials company’s stock valued at $133,021,000 after buying an additional 56,379 shares during the period. Ninety One UK Ltd grew its position in Ternium by 0.6% during the second quarter. Ninety One UK Ltd now owns 1,691,042 shares of the basic materials company’s stock valued at $63,499,000 after acquiring an additional 10,375 shares during the period. Donald Smith & CO. Inc. acquired a new stake in Ternium during the 2nd quarter worth approximately $50,566,000. Contrarian Capital Management L.L.C. increased its position in shares of Ternium by 8.9% in the fourth quarter. Contrarian Capital Management L.L.C. now owns 1,117,981 shares of the basic materials company’s stock worth $47,481,000 after acquiring an additional 91,629 shares in the last quarter. Finally, Oaktree Capital Management LP lifted its holdings 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 in the last quarter. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

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.