Ternium (NYSE:TX – Get Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.
Separately, JPMorgan Chase & Co. upped their price target on shares of Ternium from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.33.
Check Out Our Latest Analysis on TX
Ternium Trading Up 0.7 %
Ternium (NYSE:TX – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($1.36). The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.57 billion. Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.19 EPS. Analysts predict that Ternium will post 7.21 EPS for the current year.
Hedge Funds Weigh In On Ternium
Several large investors have recently modified their holdings of TX. Key Financial Inc grew its stake in shares of Ternium by 5,900.0% in the fourth quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 590 shares in the last quarter. Activest Wealth Management bought a new position in shares of Ternium in the first quarter worth about $44,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Ternium by 49.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 350 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Ternium by 3,152.3% in the second quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 1,387 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Ternium by 19.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 287 shares during the last quarter. 11.98% of the stock is owned by institutional investors.
About Ternium
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.
Featured Articles
- Five stocks we like better than Ternium
- Profitably Trade Stocks at 52-Week Highs
- The Cannabis Sector: Profitability Takes Center Stage
- What is MarketRank™? How to Use it
- Amazon’s Stock Plunge: Is a Prime Buying Opportunity Knocking?
- How Can Investors Benefit From After-Hours Trading
- Buy the Dip in e.l.f. Beauty: Analysts Point to a New High
Receive News & Ratings for Ternium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium and related companies with MarketBeat.com's FREE daily email newsletter.