Ternium SA (NYSE:TX) shares traded down 1.4% during mid-day trading on Wednesday . The stock traded as low as $18.40 and last traded at $18.72, with a volume of 84,548 shares trading hands. The stock had previously closed at $18.98.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Ternium SA from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 7th. TheStreet upgraded Ternium SA from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th. HSBC assumed coverage on Ternium SA in a research report on Friday, May 13th. They set a “buy” rating for the company. Finally, Morgan Stanley lowered Ternium SA from an “overweight” rating to an “equal weight” rating and set a $20.00 target price for the company. in a research report on Monday, May 9th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.92.

The stock’s 50 day moving average price is $19.09 and its 200 day moving average price is $16.32. The stock has a market capitalization of $3.67 billion and a PE ratio of 107.47.

Ternium SA (NYSE:TX) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Equities research analysts expect that Ternium SA will post $2.03 EPS for the current fiscal year.

A number of hedge funds and institutional investors have bought and sold shares of TX. Oxford Asset Management raised its position in Ternium SA by 104.1% in the fourth quarter. Oxford Asset Management now owns 226,230 shares of the company’s stock worth $2,824,000 after buying an additional 115,410 shares in the last quarter. California Public Employees Retirement System raised its position in Ternium SA by 10.8% in the fourth quarter. California Public Employees Retirement System now owns 241,500 shares of the company’s stock worth $3,002,000 after buying an additional 23,600 shares in the last quarter. GSA Capital Partners LLP raised its position in Ternium SA by 0.7% in the fourth quarter. GSA Capital Partners LLP now owns 125,309 shares of the company’s stock worth $1,558,000 after buying an additional 905 shares in the last quarter. Morgan Stanley raised its position in Ternium SA by 16.5% in the fourth quarter. Morgan Stanley now owns 135,309 shares of the company’s stock worth $1,682,000 after buying an additional 19,155 shares in the last quarter. Finally, Brandes Investment Partners LP raised its position in Ternium SA by 2.0% in the fourth quarter. Brandes Investment Partners LP now owns 7,114,947 shares of the company’s stock worth $88,439,000 after buying an additional 141,503 shares in the last quarter.

Ternium SA is a steel producer in Latin America. The Company manufactures and processes a range of steel products, including galvanized and electro-galvanized sheets, pre-painted sheets, tinplate, welded pipes, hot-rolled flat products, cold-rolled products, bars and wire rods, as well as slitted and cut-to-length offerings through its service centers.

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