Berenberg Bank initiated coverage on shares of Ternium SA (NYSE:TX) in a report released on Wednesday morning. The brokerage issued a buy rating and a $28.50 price objective on the stock.
Other equities research analysts also recently issued reports about the stock. TheStreet upgraded shares of Ternium SA from a hold rating to a buy rating in a research note on Tuesday, August 2nd. Zacks Investment Research upgraded shares of Ternium SA from a hold rating to a buy rating and set a $26.00 price objective for the company in a research note on Saturday, August 6th. Credit Suisse Group AG reiterated a hold rating and set a $21.00 price objective on shares of Ternium SA in a research note on Tuesday, September 27th. HSBC downgraded shares of Ternium SA from a buy rating to a hold rating in a research note on Wednesday, November 9th. Finally, Itau BBA Securities upgraded shares of Ternium SA from a market perform rating to an outperform rating in a research note on Thursday, November 3rd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ternium SA has an average rating of Buy and an average price target of $23.66.
Ternium SA (NYSE:TX) opened at 24.34 on Wednesday. The firm’s 50 day moving average is $22.96 and its 200 day moving average is $20.83. Ternium SA has a 12-month low of $10.28 and a 12-month high of $26.50. The company has a market cap of $4.78 billion, a P/E ratio of 13.61 and a beta of 1.38.
Ternium SA (NYSE:TX) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.29. Ternium SA had a net margin of 5.29% and a return on equity of 11.49%. The business earned $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities research analysts anticipate that Ternium SA will post $2.82 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of TX. Crow Point Partners LLC acquired a new position in Ternium SA during the third quarter worth about $113,000. Pacad Investment Ltd. acquired a new position in Ternium SA during the second quarter worth about $111,000. Quantbot Technologies LP increased its position in Ternium SA by 22.5% in the second quarter. Quantbot Technologies LP now owns 6,298 shares of the company’s stock worth $120,000 after buying an additional 1,158 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Ternium SA during the second quarter worth about $145,000. Finally, Smith Asset Management Group LP acquired a new position in Ternium SA during the second quarter worth about $198,000. Institutional investors own 22.43% of the company’s stock.
Ternium SA Company Profile