Shares of Ternium SA (NYSE:TX) saw strong trading volume on Friday . 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.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Ternium SA from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 7th. TheStreet raised shares of Ternium SA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th. HSBC assumed coverage on shares of Ternium SA in a research note on Friday, May 13th. They set a “buy” rating for the company. JPMorgan Chase & Co. lifted their price target 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. Finally, Morgan Stanley downgraded 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.93.

The stock’s 50-day moving average is $19.45 and its 200 day moving average is $16.66. The firm has a market cap of $4.17 billion and a P/E ratio of 122.01.

Ternium SA (NYSE:TX) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. On average, equities research analysts predict that Ternium SA will post $2.04 EPS for the current year.

Other hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System boosted 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 valued at $3,002,000 after buying an additional 23,600 shares during the period. GSA Capital Partners LLP boosted 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 valued at $1,558,000 after buying an additional 905 shares during the period. Morgan Stanley boosted its stake 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 during the period. Finally, Brandes Investment Partners LP boosted 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 valued at $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.

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.