Barclays Capital (BCS) Analysts Lower Price Target on Ternium S.A. (TX) to $30.00
Wednesday, August 24, 2021 2:55 PM

Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Ternium S.A. (NYSE: TX) from $39.00 to $30.00 in a research note to investors on Wednesday. The analysts currently have an "overweight" rating on the stock.

Separately, analysts at Zacks Investment Research downgraded shares of Ternium S.A. from a "neutral" rating to an "underperform" rating in a research note to investors on Wednesday, August 17th. Also, analysts at Deutsche Bank (NYSE: DB) downgraded shares of Ternium S.A. from a "buy" rating to a "hold" rating in a research note to investors on Tuesday, May 24th. They now have a $44.00 price target on the stock, down previously from $49.00.

Shares of Ternium S.A. traded down 0.26% during mid-day trading on Thursday, hitting $23.17. Ternium S.A. has a 52 week low of $21.50 and a 52 week high of $43.85. The stock's 50-day moving average is $27.12 and its 200-day moving average is $31.77. The company has a market cap of $4.548 billion and a price-to-earnings ratio of 7.32.

Ternium S.A. last announced its quarterly results on Wednesday, August 3rd. The company reported $1.01 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.05 EPS by $0.04. The company’s quarterly revenue was up 21.7% on a year-over-year basis. On average, analysts predict that Ternium S.A. will post $0.65 EPS next quarter.

Ternium S.A. (Ternium) is a steel company in Latin America, manufacturing and processing a range of flat and long steel products for customers active in the construction, home appliances, capital goods, container, food, energy and automotive industries. Ternium produces and distributes a range of finished and semi-finished steel products, including steel products such as cold-rolled coils and sheets, galvanized and electrogalvanized sheets, pre-painted sheets, tin plate, welded pipes, hot-rolled pickled and annealed and tailor-made flat products. The Company operates in three segments: flat steel products, long steel products and others. During the year ended December 31, 2009, approximately 60% of Ternium’s sales were made to North America, 35.9% to South and Central America, and 4% to Europe and other markets. On May 7, 2009, Ternium completed the transfer of its entire 59.7% interest in Sidor to Corporacion Venezolana de Guayana (CVG).

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