Stocks of Ternium S.A. (NYSE:TX) traded higher last session on Wall Street, down -1.00% to $41.62.
According to the data, Ternium S.A. (NYSE:TX) has 13 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $61.00 and a low of $34.00, we find $49.00. Given the previous closing price of $42.04, this indicates a potential upside of 16.56 percent. TX stock price is now 7.98% away from the 50-day moving average and 21.99% away from the 200-day moving average. The market capitalization of the company currently stands at $8.64B.
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A total of 5 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $47.54 as their price target over the next twelve months.
With the price target enhanced from $40 to $49, Itau BBA Downgraded its rating from Outperform to Market Perform for Ternium S.A. (NYSE: TX). On March 06, 2023, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $34 to quote $52, while ‘Citigroup’ rates the stock as ‘Buy’.
A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TX stock. A new stake in Ternium S.A. shares was purchased by ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. during the first quarter worth $16,310,000. CWA ASSET MANAGEMENT GROUP, LLC invested $4,855,000 in shares of TX during the first quarter. In the first quarter, NORGES BANK acquired a new stake in Ternium S.A. valued at approximately $1,428,000. DONOGHUE FORLINES LLC acquired a new stake in TX for approximately $581,000. CAAS CAPITAL MANAGEMENT LP purchased a new stake in TX valued at around $468,000 in the second quarter. In total, there are 192 active investors with 14.00% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $41.36 for Ternium S.A. (NYSE: TX). During the past 12 months, Ternium S.A. has had a low of $26.01 and a high of $50.36. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 4.00, and a quick ratio of 2.40. The fifty day moving average price for TX is $38.54 and a two-hundred day moving average price translates $34.12 for the stock.
The latest earnings results from Ternium S.A. (NYSE: TX) was released for Sep, 2022. According to the Steel Company, earnings per share came in at $0.78, missing analysts’ expectations of $1.86 by -1.08. This compares to $6.96 EPS in the same period last year. The net profit margin was 10.80% and return on equity was 15.10% for TX. The company reported revenue of $4.13 billion for the quarter, compared to $4.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.16 percent. For the current quarter, analysts expect TX to generate $3.78B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/22/2022. Investors who held shares on 11/15/2022 were paid a $0.90 dividend. On an annualized basis, this represents a $2.70 dividend and a 6.49% percent yield. There was an ex-dividend date of 11/14/2022 for this dividend.
Ternium S.A.(TX) Company Profile
Ternium S.A. manufactures, processes, and sells 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 through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy. The Mining segment sells iron ore and pellets. The company also provides medical and social; scrap; and engineering and other services, as well as operates as a distribution company. It serves various companies and small businesses in the construction, automotive, home appliances, agro, packaging, transport, and energy industries. The company was founded in 1961 and is based in Luxembourg City, Luxembourg. Ternium S.A. is a subsidiary of Techint Holdings S.à r.l.
