Ternium (NYSE:TX) Price Target Cut to $39.00 by Analysts at The Goldman Sachs Group

Ternium (NYSE:TX) had its target price trimmed by The Goldman Sachs Group from $45.00 to $39.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

Separately, StockNews.com cut Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Ternium Trading Up 2.4 %

NYSE:TX opened at $30.17 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. Ternium has a one year low of $28.37 and a one year high of $44.44. The company has a market cap of $5.92 billion, a PE ratio of 75.43, a PEG ratio of 0.34 and a beta of 1.76. The firm has a 50-day moving average of $29.91 and a 200-day moving average of $32.97.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 earnings per share. As a group, equities research analysts expect that Ternium will post 3.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Ternium

Several institutional investors and hedge funds have recently added to or reduced their stakes in TX. Donald Smith & CO. Inc. grew its holdings in shares of Ternium by 88.6% in the third quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company’s stock valued at $93,742,000 after acquiring an additional 1,193,110 shares in the last quarter. Ninety One UK Ltd boosted its position in Ternium by 2.9% in the fourth 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. boosted its position in 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 worth $25,104,000 after purchasing an additional 6,342 shares during the last quarter. Victory Capital Management Inc. grew its stake in Ternium by 2.8% in the 3rd 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 period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Ternium by 1.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company’s stock valued at $11,437,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors 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.