UBS Group Begins Coverage on Ternium (NYSE:TX)

Research analysts at UBS Group initiated coverage on shares of Ternium (NYSE:TX) in a research note issued on Wednesday, MarketBeat reports. The firm set a “neutral” rating and a $32.00 price target on the basic materials company’s stock. UBS Group’s target price would indicate a potential downside of 1.05% from the stock’s current price.

A number of other research firms have also issued reports on TX. The Goldman Sachs Group reduced their target price on Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 6th. StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Ternium Price Performance

Shares of NYSE:TX opened at $32.34 on Wednesday. Ternium has a one year low of $28.00 and a one year high of $44.44. The stock has a fifty day moving average of $29.72 and a 200-day moving average of $32.21. The company has a market capitalization of $6.35 billion, a PE ratio of -115.50, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported ($0.42) 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 for the quarter, compared to analyst estimates of $4.18 billion. As a group, equities analysts anticipate that Ternium will post 4.37 EPS for the current fiscal year.

Institutional Trading of Ternium

Several hedge funds and other institutional investors have recently modified their holdings of TX. NewEdge Advisors LLC raised its holdings in shares of Ternium by 500.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,000 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Ternium by 249.5% during the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 1,200 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Ternium during the fourth quarter worth $54,000. Aquatic Capital Management LLC raised its holdings in shares of Ternium by 28.4% during the fourth quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 482 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Ternium during the fourth quarter worth $88,000. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

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.