Shares of Ternium SA (NYSE:TX) saw unusually-strong trading volume on Friday . Approximately 203,239 shares changed hands during trading, a decline of 24% from the previous session’s volume of 267,525 shares.The stock last traded at $21.18 and had previously closed at $21.26.

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

The stock has a market cap of $4.17 billion and a price-to-earnings ratio of 122.01. The company’s 50-day moving average is $19.38 and its 200-day moving average is $16.60.

Ternium SA (NYSE:TX) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Analysts expect that Ternium SA will post $2.04 EPS for the current year.

A number of hedge funds recently made changes to their positions in TX. California Public Employees Retirement System increased its stake 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 worth $3,002,000 after buying an additional 23,600 shares in the last quarter. 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 period. 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 period. 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 period.

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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