Rating of The Day: Ternium S.A (NYSE:TX): What Berenberg Is Saying; Why Has $28.50 Stock Target

November 23, 2016 - By Hazel Jackson

Rating of The Day: Ternium S.A (NYSE:TX): What Berenberg Is Saying; Why Has $28.50 Stock Target

Why Berenberg Gives Ternium S.A (NYSE:TX) $28.50 Price Target

In a a research report released on Wednesday morning, research analysts at Berenberg has initiated coverage on shares of Ternium S.A (NYSE:TX). The firm set a “Buy” rating with $28.50, giving 19.10% to target.

Ternium SA (ADR) (NYSE:TX) Ratings Coverage

Out of 4 analysts covering Ternium (NYSE:TX), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $24 is the highest target while $15 is the lowest. The $19.38 average target is -19.01% below today’s ($23.93) stock price. Ternium has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Wednesday, February 24, the company rating was upgraded by Citigroup. The stock has “Hold” rating given by HSBC on Wednesday, November 9. The firm has “Buy” rating by HSBC given on Friday, May 13. The rating was initiated by Goldman Sachs on Monday, August 10 with “Buy”. The firm has “Overweight” rating by Morgan Stanley given on Monday, December 7. The company was downgraded on Monday, May 9 by Morgan Stanley.

About 186,074 shares traded hands. Ternium SA (ADR) (NYSE:TX) has risen 23.97% since April 21, 2016 and is uptrending. It has outperformed by 18.64% the S&P500.

Ternium S.A. is a producer of steel products. The company has a market cap of $5.14 billion. The Firm produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. It has a 31.95 P/E ratio. The Firm operates through two divisions: Steel and Mining.

According to Zacks Investment Research, “Ternium is the leading producer of flat and long steel products of Latin America and consolidates the operations of the steel companies Hylsa in Mexico, Siderar in Argentina and Sidor in Venezuela. It create value with our customers, jointly improving competitiveness and productivity, through a highly efficient industrial and technological base and a global commercial network.”

TX Company Profile

Ternium S.A. (Ternium), incorporated on February 3, 2004, is a producer of steel products. The Firm produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Firm operates through two divisions: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating divisions: Mexico, the Southern Region and Other Markets. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. Galvanized and pre-painted sheets can be further processed into a range of corrugated sheets, trapezoidal sheets and other products to serve its customer requirements. In the mining segment, iron ore is sold as concentrates (fines) and pellets.

Another recent and important Ternium SA (ADR) (NYSE:TX) news was published by Benzinga.com which published an article titled: “Mid-Afternoon Market Update: Crude Oil Down 2%; Metaldyne Performance Group …” on November 03, 2016.

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