Ternium SA (NYSE:TX) shares were up 4.9% during trading on Monday . The company traded as high as $22.28 and last traded at $22.28, with a volume of 424,936 shares trading hands. The stock had previously closed at $21.23.

TX has been the topic of a number of recent research reports. Morgan Stanley cut Ternium SA from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock. in a report on Monday, May 9th. They noted that the move was a valuation call. 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, July 7th. HSBC initiated coverage on Ternium SA in a report on Friday, May 13th. They set a “buy” rating on the stock. TheStreet raised Ternium SA from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. Finally, Zacks Investment Research raised Ternium SA from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, April 27th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $21.93.

The firm has a market cap of $4.37 billion and a price-to-earnings ratio of 127.845. The firm has a 50-day moving average price of $19.45 and a 200 day moving average price of $16.66.

Ternium SA (NYSE:TX) last posted its earnings results on Tuesday, April 26th. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Equities research analysts predict that Ternium SA will post $2.04 earnings per share for the current fiscal year.

Several hedge funds have bought and sold shares of TX. Brandes Investment Partners LP raised 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. California Public Employees Retirement System raised 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. Morgan Stanley raised 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. Finally, GSA Capital Partners LLP raised 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.

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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