Ternium (NYSE:TX) Given “Underperform” Rating at Bank of America

Ternium (NYSE:TX)‘s stock had its “underperform” rating reaffirmed by Bank of America in a research note issued on Monday, MarketBeat reports. They currently have a $25.00 price target on the basic materials company’s stock. Bank of America‘s target price would suggest a potential downside of 6.52% from the company’s previous close.

Several other equities research analysts have also commented on the company. UBS Group started coverage on Ternium in a research note on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price target on the stock. The Goldman Sachs Group decreased their target price on Ternium from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Ternium currently has an average rating of “Hold” and a consensus price target of $37.00.

Ternium Price Performance

NYSE:TX traded down $1.46 during trading hours on Monday, hitting $26.75. The company’s stock had a trading volume of 40,031 shares, compared to its average volume of 233,223. Ternium has a 52-week low of $25.97 and a 52-week high of $44.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. The business’s 50-day moving average is $30.60 and its two-hundred day moving average is $32.03. The company has a market capitalization of $5.25 billion, a PE ratio of -96.21, a PEG ratio of 0.38 and a beta of 1.56.

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

Institutional Investors Weigh In On Ternium

A number of large investors have recently bought and sold shares of TX. Aquatic Capital Management LLC lifted its position in shares of Ternium by 28.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 482 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Ternium by 500.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Ternium by 249.5% in the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 1,200 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Ternium by 14.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company’s stock worth $298,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Ternium during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

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.