UBS Group Begins Coverage on Ternium (NYSE:TX)

Investment analysts at UBS Group assumed coverage on shares of Ternium (NYSE:TX) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $32.00 price target on the basic materials company’s stock. UBS Group’s price objective would suggest a potential upside of 0.52% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Ternium Stock Up 0.9 %

Shares of TX opened at $31.84 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.25 billion, a P/E ratio of -113.70, a PEG ratio of 0.38 and a beta of 1.76. The stock’s 50 day moving average is $29.66 and its two-hundred day moving average is $32.22. Ternium has a 12 month low of $28.00 and a 12 month high of $44.44.

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.97 by ($1.39). The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. Analysts predict that Ternium will post 4.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ternium

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Donald Smith & CO. Inc. raised its holdings in Ternium by 19.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company’s stock valued at $87,903,000 after acquiring an additional 483,052 shares during the last quarter. Ninety One UK Ltd boosted its holdings in shares of Ternium by 2.9% during the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company’s stock worth $70,313,000 after purchasing an additional 68,366 shares during the last quarter. Ninety One North America Inc. grew its position in shares of Ternium by 0.7% in the fourth quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company’s stock valued at $25,104,000 after purchasing an additional 6,342 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Ternium by 2.8% in the third quarter. Victory Capital Management Inc. now owns 687,432 shares of the basic materials company’s stock valued at $25,373,000 after purchasing an additional 18,967 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Ternium by 1.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company’s stock worth $11,437,000 after buying an additional 5,000 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Company Profile

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.