Ternium (TX) Rating Increased to Buy at Santander

Ternium (NYSE:TX) was upgraded by Santander from a “hold” rating to a “buy” rating in a note issued to investors on Monday, December 18th, The Fly reports.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley upgraded shares of Ternium from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 6th. Zacks Investment Research cut shares of Ternium from a “hold” rating to a “strong sell” rating in a report on Saturday, November 4th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $31.10.

Shares of Ternium (NYSE:TX) traded up $0.72 during trading hours on Monday, reaching $33.49. 325,035 shares of the company traded hands, compared to its average volume of 410,679. Ternium has a twelve month low of $22.17 and a twelve month high of $34.03. The firm has a market cap of $6,710.00, a P/E ratio of 7.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.68.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.33. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.38 billion. Ternium had a net margin of 9.86% and a return on equity of 15.49%. Ternium’s revenue was up 33.6% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. equities research analysts anticipate that Ternium will post 3.98 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. DnB Asset Management AS boosted its position in Ternium by 11.0% in the fourth quarter. DnB Asset Management AS now owns 34,200 shares of the basic materials company’s stock valued at $1,080,000 after buying an additional 3,400 shares in the last quarter. Copper Rock Capital Partners LLC boosted its position in Ternium by 31.9% in the fourth quarter. Copper Rock Capital Partners LLC now owns 218,974 shares of the basic materials company’s stock valued at $6,882,000 after buying an additional 53,005 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Ternium in the third quarter valued at approximately $541,000. California Public Employees Retirement System boosted its position in Ternium by 58.3% in the third quarter. California Public Employees Retirement System now owns 325,519 shares of the basic materials company’s stock valued at $10,068,000 after buying an additional 119,919 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Ternium by 420.0% in the third quarter. Cubist Systematic Strategies LLC now owns 49,392 shares of the basic materials company’s stock valued at $1,528,000 after buying an additional 39,894 shares in the last quarter. 19.26% of the stock is currently owned by institutional investors and hedge funds.

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About Ternium

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

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