Ternium (NYSE:TX) Upgraded to Strong-Buy by StockNews.com

Ternium (NYSE:TX) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Ternium from $48.00 to $51.50 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. TheStreet upgraded shares of Ternium from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Finally, The Goldman Sachs Group increased their target price on shares of Ternium from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $50.83.

Ternium Price Performance

Shares of TX traded up $0.17 during midday trading on Tuesday, reaching $40.48. The stock had a trading volume of 253,055 shares, compared to its average volume of 202,768. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 12.01 and a beta of 1.69. The company’s 50-day moving average is $41.43 and its 200 day moving average is $39.99. Ternium has a 12-month low of $35.22 and a 12-month high of $45.58.

Ternium (NYSE:TX) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.54. The business had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.77 billion. Ternium had a return on equity of 10.21% and a net margin of 3.53%. Ternium’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 earnings per share. On average, equities analysts predict that Ternium will post 6.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Ternium

A number of large investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in Ternium in the fourth quarter worth $1,328,000. Canada Pension Plan Investment Board grew its position in shares of Ternium by 42.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 131,260 shares of the basic materials company’s stock worth $5,237,000 after buying an additional 39,200 shares during the period. Van ECK Associates Corp increased its stake in shares of Ternium by 11.6% in the 3rd quarter. Van ECK Associates Corp now owns 142,325 shares of the basic materials company’s stock worth $5,679,000 after acquiring an additional 14,811 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Ternium by 4.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 25,570 shares of the basic materials company’s stock valued at $1,020,000 after acquiring an additional 1,186 shares during the period. Finally, Barclays PLC boosted its stake in Ternium by 40,884.6% during the third quarter. Barclays PLC now owns 10,656 shares of the basic materials company’s stock worth $426,000 after acquiring an additional 10,630 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

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.