Ternium SA (NYSE:TX) was down 3.1% on Tuesday . The stock traded as low as $21.56 and last traded at $21.61, with a volume of 168,675 shares changing hands. The stock had previously closed at $22.29.

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

The firm has a market capitalization of $4.26 billion and a P/E ratio of 124.66. The stock has a 50-day moving average of $19.56 and a 200 day moving average of $16.80.

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

Several hedge funds recently modified their holdings of TX. Brandes Investment Partners LP increased its stake 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 worth $88,439,000 after buying an additional 141,503 shares during the period. Morgan Stanley increased its stake in shares of 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. GSA Capital Partners LLP increased its stake 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 worth $1,558,000 after buying an additional 905 shares during the period. Finally, 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 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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