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TX $41.89

TX target price
41.89
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Ternium S.A.
Type
Public company
Traded as BCBA: ERAR
NYSE: TX
MERVAL component
Industry Steel
Founded 2005
Headquarters Luxembourg, Luxembourg City
Key people
Paolo Rocca, Chairman
Daniel Novegil, CEO
Products Steel
Cast iron
Coke (fuel)
Slag
Production output
9.764 million tons of steel and 3.310 million tons of iron ore
Revenue Decrease US$7.224 billion (2016)
Operating income
Increase US$1.141 billion (2016)
Net income
Increase US$0.706 billion (2016)
Total assets Increase US$8.322 billion (2016)
Total equity Increase US$5.166 billion (2016)
Owner Techint (62%)
Tenaris (11.0%)
Number of employees
16,600 (December 31, 2013)
Website Ternium

Ternium is a manufacturer of flat and long steel products with production centers in Argentina, Mexico, Guatemala, Colombia and the United States. It is the leading steel company in Latin America with highly integrated processes to manufacture steel and value-added products. Along with Nippon Steel and Companhia Siderurgica Nacional, Ternium owns Usiminas of Brazil.

The company takes its name from the Latin words Ter (three) and Eternium (eternal) in reference to the integration of the three steel mills.

Ternium was formed in 2005 by the consolidation of three companies: Siderar of Argentina, Sidor of Venezuela and Hylsa of Mexico. Siderar was established by Argentine-based industrial conglomerate Techint in 1992 following the privatization of Somisa.

In 2007, Ternium acquired Grupo IMSA, thereby expanding its operations into Guatemala and the United States.

Ternium was listed on the NYSE on February 1, 2006.

Ternium's Venezuelan subsidiary, Sidor, was nationalized by the Venezuelan government following an April 2008 resolution of the National Assembly of Venezuela. This move followed a series of worker disputes over pay which had paralyzed the company. In early 2009, compensation of US$1.65 billion was agreed on for the nationalization of Ternium's 59.7% stake, with Ternium keeping a 10% stake in the company.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-31 Future report Set alerts
Q2 2022 2022-08-02 4.07 4.07
Q1 2022 2022-04-26 3.95 3.95
Q4 2021 2022-02-15 5.08 5.08
Q3 2021 2021-11-02 6.12 6.12
Q2 2021 2021-08-03 5.21 5.21
Q1 2021 2021-04-27 3.07 3.07
Q4 2020 2021-02-23 2.11 2.11
Q3 2020 2020-11-03 0.00 0.00
Q2 2020 2020-08-04 0.22 0.22

Ratings

2016-07-07 Boost Price Target JPMorgan Chase & Co. Overweight $24.00 to $27.00
2016-05-13 Initiated Coverage HSBC Buy
2016-05-09 Downgrade Morgan Stanley Overweight to Equal Weight $20.00
2016-02-26 Boost Price Target Goldman Sachs $18.20 to $18.60
2016-02-26 Boost Price Target Goldman Sachs Group Inc. $18.20 to $18.60
2016-02-24 Upgrade Citigroup Inc. Neutral to Buy $21.00
2015-12-07 Upgrade Morgan Stanley Equal Weight to Overweight $25.90 to $20.00
2015-08-26 Lower Price Target Scotiabank $25.00 to $24.00
2015-08-10 Initiated Coverage Goldman Sachs Buy $18.50
2015-06-30 Upgrade JPMorgan Chase & Co. Neutral to Overweight $23.00
2015-06-29 Downgrade Bank of America Buy to Neutral $23.00 to $21.00
2015-06-29 Downgrade Bank of America Corp. Buy to Neutral $23.00 to $21.00
2015-06-12 Boost Price Target Credit Suisse Neutral $20.00 to $21.00
2015-06-12 Boost Price Target Credit Suisse Group AG Neutral $20.00 to $21.00
2015-04-01 Lower Price Target JPMorgan Chase & Co. Neutral $24.50 to $21.00
2015-01-23 Upgrade Goldman Sachs Sell to Neutral
2014-10-16 Downgrade JPMorgan Chase & Co. Overweight to Neutral $32.00 to $24.50
2014-09-17 Boost Price Target Goldman Sachs $23.50 to $26.60
2014-09-08 Upgrade JPMorgan Chase & Co. Neutral to Overweight $29.00 to $32.00
2014-08-04 Downgrade Goldman Sachs Neutral to Sell
2014-07-03 Reiterated Rating Morgan Stanley Equal Weight $30.20 to $29.90
2014-05-30 Upgrade Morgan Stanley Equal Weight $30.50 to $30.20
2014-04-16 Reiterated Rating JPMorgan Chase & Co. Neutral $29.00
2014-03-28 Downgrade Morgan Stanley Overweight to Equal Weight $31.60 to $31.00
2013-11-26 Boost Price Target HSBC Neutral $24.00 to $28.00
2013-10-17 Downgrade Bank of America Neutral
2013-10-03 Upgrade Morgan Stanley Equal Weight to Overweight $25.20 to $31.60
2012-03-13 Reiterated Barclays Capital Overweight $24 to $26
2011-05-24 Downgrade Deutsche Bank Buy to Hold $49 to $44
2010-01-29 Downgrade Barclays Capital Overweight to Equal Weight $36 to $38
2009-11-12 Upgrade Citigroup Hold to Buy
2009-11-06 Upgrade Barclays Capital Equal Weight to Overweight
2008-11-07 Downgrade Citigroup Buy to Hold
2007-01-23 Downgrade UBS Buy to Neutral
2016-07-07 Boost Price Target JPMorgan Chase & Co. Overweight $24.00 to $27.00
2016-05-13 Initiated Coverage HSBC Buy
2016-05-09 Downgrade Morgan Stanley Overweight to Equal Weight $20.00
2016-02-26 Boost Price Target Goldman Sachs $18.20 to $18.60
2016-02-26 Boost Price Target Goldman Sachs Group Inc. $18.20 to $18.60

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks