The Goldman Sachs Group Has Lowered Expectations for Ternium (NYSE:TX) Stock Price

Ternium (NYSE:TX) had its price target reduced by The Goldman Sachs Group from $45.00 to $39.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Separately, StockNews.com lowered shares of Ternium from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Ternium Price Performance

Shares of NYSE TX opened at $30.17 on Thursday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 75.43, a price-to-earnings-growth ratio of 0.34 and a beta of 1.76. The stock has a fifty day simple moving average of $29.91 and a two-hundred day simple moving average of $32.97. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. Ternium has a 1-year low of $28.37 and a 1-year high of $44.44.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. Analysts anticipate that Ternium will post 3.7 earnings per share for the current year.

Institutional Trading of Ternium

Institutional investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. grew its holdings in Ternium by 88.6% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company’s stock valued at $93,742,000 after buying an additional 1,193,110 shares in the last quarter. Ninety One UK Ltd grew its stake in Ternium by 2.9% during the fourth quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company’s stock valued at $70,313,000 after acquiring an additional 68,366 shares in the last quarter. Ninety One North America Inc. increased its holdings in Ternium by 0.7% during the 4th quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company’s stock worth $25,104,000 after acquiring an additional 6,342 shares during the period. Victory Capital Management Inc. increased its holdings in Ternium by 2.8% during the 3rd quarter. Victory Capital Management Inc. now owns 687,432 shares of the basic materials company’s stock worth $25,373,000 after acquiring an additional 18,967 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Ternium by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company’s stock worth $11,437,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other 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.