Ternium SA (NYSE:TX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $21.34 and last traded at $20.98, with a volume of 266,043 shares trading hands. The stock had previously closed at $20.69.

Several research firms have commented on TX. JPMorgan Chase & Co. increased their price objective on shares of Ternium SA from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, July 7th. HSBC initiated coverage on shares of Ternium SA in a research note on Friday, May 13th. They set a “buy” rating for the company. Morgan Stanley lowered shares of Ternium SA from an “overweight” rating to an “equal weight” rating and set a $20.00 price target for the company. in a research note on Monday, May 9th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Ternium SA from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, April 27th. Finally, TheStreet upgraded shares of Ternium SA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $21.93.

The firm has a market capitalization of $4.15 billion and a P/E ratio of 121.38. The company has a 50-day moving average of $19.23 and a 200-day moving average of $16.53.

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

Other hedge funds and institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP increased its position in shares of 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. Morgan Stanley increased its position in shares of 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. California Public Employees Retirement System increased its position in shares of 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 increased its position in shares of 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. Finally, Brandes Investment Partners LP increased its position 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 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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