Ternium SA (NYSE:TX)‘s stock had its “hold” rating restated by equities researchers at Credit Suisse Group AG in a research note issued to investors on Tuesday. They presently have a $21.00 price target on the stock. Credit Suisse Group AG’s price target suggests a potential upside of 8.92% from the stock’s current price.
A number of other research firms have also recently commented on TX. JPMorgan Chase & Co. increased their price target on Ternium SA from $27.00 to $29.50 and gave the company an “overweight” rating in a research note on Friday, August 5th. Zacks Investment Research upgraded Ternium SA from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Saturday, August 6th. Finally, TheStreet upgraded Ternium SA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $22.68.
Ternium SA (NYSE:TX) traded down 2.02% on Tuesday, reaching $18.89. The company had a trading volume of 356,655 shares. The stock has a market capitalization of $3.71 billion, a P/E ratio of 25.22 and a beta of 1.59. Ternium SA has a 1-year low of $10.28 and a 1-year high of $23.60. The stock’s 50 day moving average is $20.64 and its 200-day moving average is $19.65.
Ternium SA (NYSE:TX) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.14. The business earned $1.86 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business posted $0.21 earnings per share. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, equities analysts predict that Ternium SA will post $2.53 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Smith Asset Management Group LP bought a new stake in Ternium SA during the second quarter valued at approximately $198,000. Bank of Montreal Can bought a new stake in Ternium SA during the second quarter valued at approximately $1,240,000. Dorsey Wright & Associates bought a new stake in Ternium SA during the second quarter valued at approximately $342,000. Acadian Asset Management LLC raised its stake in Ternium SA by 64.9% in the second quarter. Acadian Asset Management LLC now owns 6,431,660 shares of the company’s stock valued at $122,584,000 after buying an additional 2,532,434 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Ternium SA during the second quarter valued at approximately $330,000.
Ternium SA Company Profile
Ternium SA is a steel producer in Latin America. The Company manufactures and processes a range of steel products, including galvanized and electro-galvanized sheets, pre-painted sheets, tinplate, welded pipes, hot-rolled flat products, cold-rolled products, bars and wire rods, as well as slitted and cut-to-length offerings through its service centers.
Receive News & Ratings for Ternium SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium SA and related companies with MarketBeat.com's FREE daily email newsletter.