Ternium SA (NYSE:TX) shot up 3.4% during trading on Monday . The company traded as high as $20.04 and last traded at $19.95, with a volume of 67,977 shares traded. The stock had previously closed at $19.30.

A number of research firms have recently commented on TX. Zacks Investment Research raised 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 report on Tuesday, March 29th. HSBC assumed coverage on Ternium SA in a report on Friday, May 13th. They set a “buy” rating for the company. JPMorgan Chase & Co. increased their price objective on Ternium SA from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Morgan Stanley downgraded Ternium SA from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective for the company. in a report on Monday, May 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $21.93.

The firm’s 50-day moving average price is $19.12 and its 200-day moving average price is $16.40. The company has a market capitalization of $3.94 billion and a PE ratio of 115.29.

Ternium SA (NYSE:TX) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Analysts predict that Ternium SA will post $2.03 EPS for the current year.

Other hedge funds recently modified their holdings of the company. Brandes Investment Partners LP increased its stake in shares of Ternium SA by 2.0% in the fourth quarter. Brandes Investment Partners LP now owns 7,114,947 shares of the company’s stock valued at $88,439,000 after buying an additional 141,503 shares during the period. 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 valued at $3,002,000 after buying an additional 23,600 shares in the last quarter. 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 valued at $2,824,000 after buying an additional 115,410 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 valued at $1,682,000 after buying an additional 19,155 shares in the last quarter. Finally, 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 valued at $1,558,000 after buying an additional 905 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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