Ternium (NYSE:TX) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Ternium (NYSE:TX) from a buy rating to a hold rating in a report published on Tuesday morning.

Separately, JPMorgan Chase & Co. lifted their price target on Ternium from $54.00 to $56.00 and gave the company an overweight rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $52.33.

Ternium Stock Performance

Shares of TX opened at $35.02 on Tuesday. The firm has a market capitalization of $7.02 billion, a PE ratio of 10.39, a P/E/G ratio of 0.15 and a beta of 1.76. The company has a quick ratio of 1.57, a current ratio of 2.74 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $34.33 and a 200 day moving average price of $38.49. Ternium has a 52-week low of $30.68 and a 52-week high of $44.44.

Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($1.36). Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the business earned $3.19 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that Ternium will post 7.01 earnings per share for the current fiscal year.

Institutional Trading of Ternium

A number of large investors have recently added to or reduced their stakes in TX. Wellington Management Group LLP increased its holdings in shares of Ternium by 25.6% in the fourth quarter. Wellington Management Group LLP now owns 248,980 shares of the basic materials company’s stock valued at $10,574,000 after buying an additional 50,743 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Ternium during the fourth quarter worth $1,698,000. Contrarian Capital Management L.L.C. lifted its holdings in shares of Ternium by 8.9% during the fourth quarter. Contrarian Capital Management L.L.C. now owns 1,117,981 shares of the basic materials company’s stock valued at $47,481,000 after purchasing an additional 91,629 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Ternium in the 1st quarter valued at $1,064,000. Finally, Allianz Asset Management GmbH increased its stake in Ternium by 277.7% in the 4th quarter. Allianz Asset Management GmbH now owns 196,082 shares of the basic materials company’s stock worth $8,328,000 after purchasing an additional 144,171 shares in the last quarter. 11.98% of the stock is currently 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.