Ternium's Investor Day Seems To Have Restored Some Confidence [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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US:NYSE Investor Relations:
prod3w-br.ternium.com/en/centro-de-inversores
Company Research
Source: Seeking Alpha
Summary Ternium ( TX ) shares have had a poor year, underperforming the ADRs of ArcelorMittal ( MT ) and Gerdau ( GGB ), as well as the shares of other steel companies like Steel Dynamics ( STLD ). Although Ternium is looking at an attractive long-term opportunity to grow its share of the Mexican market, investors have been scared off by a host of uncertainties, including the NAFTA renegotiations, the Mexican election cycle, the deterioration of the Argentine economy, uncertainty in Brazil, weakness in Colombia, and the prospect of peaking global steel prices. Management’s investor day earlier this month did seem to restore some confidence to investors, but the shares continue to look surprisingly cheap on a relative basis, particularly when factoring in the company’s strong margins. Although I remain concerned we’re past the peak in steel and that it will tough for any steel stock to significantly outperform, Ternium’s share price and valuation just look too low
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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
Weekly update
A roundup of the hottest topics
TX
News
- 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
- Ternium Announces Annual General Meeting of ShareholdersAccesswire
TX
Earnings
- 2/20/24 - Beat
TX
Sec Filings
- 3/28/24 - Form 20-F
- 3/28/24 - Form 6-K
- 3/28/24 - Form IRANNOTICE
- TX's page on the SEC website