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

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

The firm’s 50 day moving average price is $19.23 and its 200-day moving average price is $16.53. The stock has a market capitalization of $4.16 billion and a price-to-earnings ratio of 121.78.

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

A number of hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its stake 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 during the last quarter. Morgan Stanley increased its stake 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 during the last quarter. California Public Employees Retirement System increased its stake 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 during the last quarter. Oxford Asset Management increased its stake 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 during the last quarter. Finally, Brandes Investment Partners LP increased its stake 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 during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.