Gerdau's Share Price Weakness May Not Be Entirely Reasonable [Seeking Alpha]
Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) (TX)
Last ternium s.a. ternium s.a. american depositary shares (each representing ten shares, usd1.00 par value) earnings: 4/28 04:15 pm
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Source: Seeking Alpha
Gerdau's Share Price Weakness May Not Be Entirely Reasonable Summary Gerdau shares have underperformed, presumably on weaker U.S. steel prices and worries about the pace of Brazil's economic recovery. With consumption well below past peaks, Brazil's steel sector should see stronger demand in the coming years, and Gerdau should see stronger operating leverage. Management has improved its U.S. business mix, streamlined operating processes and costs, and is now investing in higher-margin production capacity. Gerdau doesn't look like the cheapest steel stock I follow, but the shares do look undervalued below $4. I was skittish about the near-term performance prospects for GGB back in early December I’m not all that bullish on the U.S. steel sector, but I think Gerdau has significantly upgraded their U.S. operations, and I’m more bullish on the prospects for Brazil’s steel sector over the next few years as the country makes a tentative economic recovery. Like Ternium TX Looking Back At Q1
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High impacting Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) news events
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TX
News
- Ternium Announces First Quarter of 2024 ResultsAccesswire
- Ternium S.A. (NYSE: TX) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $49.00 to $54.00. They now have a "buy" rating on the stock.MarketBeat
- Ternium Files 2023 Form 20-FAccesswire
- Ternium S.A. (NYSE: TX) had its price target raised by analysts at JPMorgan Chase & Co. from $48.00 to $51.50. They now have an "overweight" rating on the stock.MarketBeat
- Ternium's (NYSE:TX) Dividend Will Be Increased To $2.20 [Yahoo! Finance]Yahoo! Finance
TX
Earnings
- 4/24/24 - Beat
TX
Sec Filings
- 4/25/24 - Form 6-K
- 4/24/24 - Form 6-K
- 3/28/24 - Form 20-F
- TX's page on the SEC website