Shares of Ternium SA (NYSE:TX) hit a new 52-week low during trading on Friday . The stock traded as low as $26.13 and last traded at $27.07, with a volume of 16552 shares trading hands. The stock had previously closed at $26.23.
Several brokerages have commented on TX. Credit Suisse Group upgraded Ternium from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 15th. ValuEngine downgraded Ternium from a “buy” rating to a “hold” rating in a research note on Wednesday, May 23rd. Zacks Investment Research downgraded Ternium from a “buy” rating to a “hold” rating in a research note on Sunday, July 15th. Finally, Bank of America reiterated an “underperform” rating and set a $32.00 target price on shares of Ternium in a research note on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $40.67.
The company has a debt-to-equity ratio of 0.26, a current ratio of 1.60 and a quick ratio of 0.67. The company has a market cap of $5.31 billion, a P/E ratio of 5.83, a price-to-earnings-growth ratio of 0.51 and a beta of 1.12.
Ternium (NYSE:TX) last issued its earnings results on Tuesday, July 31st. The basic materials company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.13). Ternium had a net margin of 9.42% and a return on equity of 17.93%. The business had revenue of $3.13 billion for the quarter. analysts expect that Ternium SA will post 6.67 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in TX. Acadian Asset Management LLC purchased a new position in shares of Ternium in the 2nd quarter worth $206,778,000. Royal Bank of Canada boosted its stake in shares of Ternium by 564.2% in the 1st quarter. Royal Bank of Canada now owns 2,058,442 shares of the basic materials company’s stock worth $66,879,000 after buying an additional 1,748,534 shares during the last quarter. Compass Group LLC boosted its stake in shares of Ternium by 129.3% in the 2nd quarter. Compass Group LLC now owns 959,835 shares of the basic materials company’s stock worth $33,402,000 after buying an additional 541,267 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Ternium by 247.1% in the 2nd quarter. Millennium Management LLC now owns 580,345 shares of the basic materials company’s stock worth $20,208,000 after buying an additional 413,143 shares during the last quarter. Finally, Investec Asset Management PTY Ltd purchased a new position in Ternium during the second quarter valued at $13,442,000. Hedge funds and other institutional investors own 17.80% of the company’s stock.
About Ternium (NYSE:TX)
Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including 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 and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.
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