Ternium (NYSE:TX) Upgraded to Strong-Buy by ValuEngine

ValuEngine upgraded shares of Ternium (NYSE:TX) from a buy rating to a strong-buy rating in a research note issued to investors on Monday, April 2nd.

A number of other research firms also recently commented on TX. Scotiabank set a $43.00 price objective on shares of Ternium and gave the stock a buy rating in a research note on Thursday, February 8th. Zacks Investment Research downgraded shares of Ternium from a strong-buy rating to a hold rating in a research note on Thursday, January 25th. Santander upgraded shares of Ternium from a hold rating to a buy rating in a research note on Monday, December 18th. Finally, Morgan Stanley upgraded shares of Ternium from an equal weight rating to an overweight rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $34.25.

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Shares of Ternium stock traded up $0.57 on Monday, hitting $36.75. 299,323 shares of the company’s stock traded hands, compared to its average volume of 359,203. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 1.55. Ternium has a one year low of $22.78 and a one year high of $39.48. The stock has a market capitalization of $7,215.06, a price-to-earnings ratio of 8.08 and a beta of 1.15.



Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.03). The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.57 billion. Ternium had a net margin of 9.28% and a return on equity of 15.65%. Ternium’s quarterly revenue was up 49.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. research analysts forecast that Ternium will post 4.18 EPS for the current fiscal year.

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, May 7th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, May 4th. This is a boost from Ternium’s previous annual dividend of $0.90. This represents a dividend yield of 3.28%. Ternium’s dividend payout ratio (DPR) is currently 22.17%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Ternium by 47.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,590 shares of the basic materials company’s stock valued at $177,000 after acquiring an additional 1,810 shares during the last quarter. Diversified Trust Co acquired a new stake in Ternium in the fourth quarter valued at approximately $200,000. Investors Research Corp acquired a new stake in Ternium in the fourth quarter valued at approximately $205,000. Kovack Advisors Inc. acquired a new stake in Ternium in the fourth quarter valued at approximately $221,000. Finally, Advisor Group Inc. boosted its position in Ternium by 35.2% in the fourth quarter. Advisor Group Inc. now owns 7,383 shares of the basic materials company’s stock valued at $233,000 after buying an additional 1,922 shares in the last quarter. 17.83% of the stock is currently owned by institutional investors.

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Ternium Company Profile

Ternium SA manufactures and processes various steel products in Mexico, Argentina, Bolivia, Chile, Paraguay, Uruguay, Colombia, the United States, Central America, and internationally. The company operates in two segments, Steel and Mining. The Steel segment offers steel products, such as slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets, pre-painted sheets, steel pipes and tubular products, beams, roll formed products, and other products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ternium (NYSE:TX)

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