Short Interest in Ternium S.A. (NYSE:TX) Expands By 14.5%
Ternium S.A. (NYSE:TX – Get Free Report) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 194,000 shares, an increase of 14.5% from the November 15th total of 169,400 shares. Based on an average trading volume of 186,400 shares, the days-to-cover ratio is presently 1.0 days.
Ternium Trading Down 0.6 %
Shares of NYSE TX traded down $0.24 during trading on Friday, reaching $41.10. The company had a trading volume of 175,191 shares, compared to its average volume of 227,446. The stock has a market cap of $8.07 billion, a P/E ratio of 26.86, a PEG ratio of 3.25 and a beta of 1.64. The company’s fifty day moving average price is $38.05 and its 200-day moving average price is $39.86. The company has a quick ratio of 1.94, a current ratio of 3.25 and a debt-to-equity ratio of 0.08. Ternium has a 12 month low of $28.47 and a 12 month high of $45.81.
Ternium (NYSE:TX – Get Free Report) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.23). Ternium had a return on equity of 8.87% and a net margin of 1.86%. The business had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $3.80 billion. As a group, research analysts expect that Ternium will post 7.98 earnings per share for the current year.
Ternium Cuts Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 21st. Investors of record on Monday, November 13th were paid a dividend of $1.10 per share. This represents a yield of 7.9%. The ex-dividend date was Friday, November 10th. Ternium’s dividend payout ratio (DPR) is currently 143.79%.
Institutional Trading of Ternium
Several hedge funds have recently bought and sold shares of the business. Fortis Capital Advisors LLC boosted its stake in Ternium by 1,971.9% during the 1st quarter. Fortis Capital Advisors LLC now owns 663 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 631 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Ternium by 100.0% during the first quarter. Captrust Financial Advisors now owns 1,000 shares of the basic materials company’s stock valued at $46,000 after buying an additional 500 shares during the last quarter. Resurgent Financial Advisors LLC bought a new stake in Ternium during the fourth quarter worth $46,000. Tower Research Capital LLC TRC purchased a new stake in Ternium in the 3rd quarter valued at $57,000. Finally, Penserra Capital Management LLC lifted its stake in Ternium by 50.3% during the 4th quarter. Penserra Capital Management LLC now owns 1,944 shares of the basic materials company’s stock valued at $59,000 after acquiring an additional 651 shares in the last quarter. Institutional investors and hedge funds own 12.07% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on TX shares. StockNews.com initiated coverage on shares of Ternium in a research report on Thursday, October 5th. They set a “strong-buy” rating for the company. Bank of America upgraded shares of Ternium from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Monday, November 20th. TheStreet downgraded shares of Ternium from a “b” rating to a “c+” rating in a research report on Friday, November 3rd. Finally, JPMorgan Chase & Co. boosted their price target on Ternium from $51.50 to $53.50 and gave the company an “overweight” rating in a research note on Monday, August 21st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ternium has an average rating of “Buy” and a consensus target price of $49.42.
View Our Latest Stock Report on TX
About Ternium (Get Free Report)
Ternium SA, together with its subsidiaries, manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Ternium, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Ternium wasn’t on the list.
While Ternium currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.
Original: MarketBeat News Feed: Short Interest in Ternium S.A. (NYSE:TX) Expands By 14.5%