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Ternium (NYSE:TX) Stock, Analyst Ratings, Price Targets, Forecasts
Ternium SA has a consensus price target of $52.64 based on the ratings of 11 analysts. The high is $70 issued by Itau BBA on August 19, 2021. The low is $43 issued by Wolfe Research on March 11, 2022. The 3 most-recent analyst ratings were released by JP Morgan, Goldman Sachs, and JP Morgan on May 28, 2024, April 4, 2024, and March 21, 2024, respectively. With an average price target of $53.83 between JP Morgan, Goldman Sachs, and JP Morgan, there's an implied 55.23% upside for Ternium SA from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
JP Morgan
Goldman Sachs
B of A Securities
Itau BBA
Morgan Stanley
1calculated from analyst ratings
Analyst Ratings for Ternium
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/28/2024 | Buy Now | 61.48% | JP Morgan | Rodolfo Angele | $54 → $56 | Maintains | Overweight | Get Alert |
| 04/04/2024 | Buy Now | 55.71% | Goldman Sachs | Thiago Ojea | $49 → $54 | Maintains | Buy | Get Alert |
| 03/21/2024 | Buy Now | 48.5% | JP Morgan | Rodolfo Angele | $48 → $51.5 | Maintains | Overweight | Get Alert |
| 11/20/2023 | Buy Now | 35.52% | B of A Securities | Caio Ribeiro | → $47 | Upgrade | Neutral → Buy | Get Alert |
| 08/21/2023 | Buy Now | 52.83% | JP Morgan | Rodolfo Angele | $51.5 → $53 | Maintains | Overweight | Get Alert |
| 06/30/2023 | Buy Now | 51.38% | JP Morgan | Rodolfo Angele | $49.5 → $52.5 | Maintains | Overweight | Get Alert |
| 06/12/2023 | Buy Now | 35.52% | B of A Securities | Caio Ribeiro | $56 → $47 | Downgrade | Buy → Neutral | Get Alert |
| 03/09/2023 | Buy Now | 41.29% | Itau BBA | Daniel Sasson | → $49 | Downgrade | Outperform → Market Perform | Get Alert |
| 03/06/2023 | Buy Now | 49.94% | Morgan Stanley | Carlos De Alba | $34 → $52 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 02/16/2023 | Buy Now | 29.76% | HSBC | Jonathan Brandt | $43 → $45 | Maintains | Buy | Get Alert |
| 02/01/2023 | Buy Now | 44.18% | Citigroup | Alexander Hacking | → $50 | Reinstates | → Buy | Get Alert |
| 09/06/2022 | Buy Now | 49.94% | Goldman Sachs | Marcio Farid | $60 → $52 | Maintains | Buy | Get Alert |
| 08/26/2022 | Buy Now | 15.34% | B of A Securities | Caio Ribeiro | $53 → $40 | Downgrade | Buy → Neutral | Get Alert |
| 07/06/2022 | Buy Now | 12.46% | Morgan Stanley | Carlos De Alba | $48 → $39 | Maintains | Equal-Weight | Get Alert |
| 03/11/2022 | Buy Now | 23.99% | Wolfe Research | Timna Tanners | $38 → $43 | Upgrade | Underperform → Peer Perform | Get Alert |
| 01/11/2022 | Buy Now | 29.76% | Wolfe Research | Timna Tanners | → $45 | Downgrade | Peer Perform → Underperform | Get Alert |
| 12/20/2021 | Buy Now | 75.89% | Scotiabank | Alfonso Salazar | — | Upgrade | Sector Perform → Sector Outperform | Get Alert |
| 11/17/2021 | Buy Now | 32.64% | Wolfe Research | Timna Tanners | — | Initiates | → Peer Perform | Get Alert |
| 10/18/2021 | Buy Now | 44.18% | Morgan Stanley | Carlos De Alba | — | Downgrade | Overweight → Equal-Weight | Get Alert |
| 08/19/2021 | Buy Now | 101.85% | Itau BBA | — | — | Upgrade | Market Perform → Outperform | Get Alert |
FAQ
What is the target price for Ternium (TX) stock?
The latest price target for Ternium (NYSE:TX) was reported by JP Morgan on May 28, 2024. The analyst firm set a price target for $56.00 expecting TX to rise to within 12 months (a possible 61.48% upside). 5 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Ternium (TX)?
The latest analyst rating for Ternium (NYSE:TX) was provided by JP Morgan, and Ternium maintained their overweight rating.
When was the last upgrade for Ternium (TX)?
The last upgrade for Ternium SA happened on November 20, 2023 when B of A Securities raised their price target to $47. B of A Securities previously had a neutral for Ternium SA.
When was the last downgrade for Ternium (TX)?
The last downgrade for Ternium SA happened on June 12, 2023 when B of A Securities changed their price target from $56 to $47 for Ternium SA.
When is the next analyst rating going to be posted or updated for Ternium (TX)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ternium, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ternium was filed on May 28, 2024 so you should expect the next rating to be made available sometime around May 28, 2025.
Is the Analyst Rating Ternium (TX) correct?
While ratings are subjective and will change, the latest Ternium (TX) rating was a maintained with a price target of $54.00 to $56.00. The current price Ternium (TX) is trading at is $34.68, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.