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

Several research analysts have recently issued reports on the company. Zacks Investment Research raised 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. JPMorgan Chase & Co. boosted their target price 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. HSBC started coverage on shares of Ternium SA in a research note on Friday, May 13th. They issued a “buy” rating for the company. Finally, Morgan Stanley downgraded shares of Ternium SA from an “overweight” rating to an “equal weight” rating and set a $20.00 target price 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 issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $21.93.

The company’s 50 day moving average is $19.62 and its 200-day moving average is $16.84. The firm has a market capitalization of $4.26 billion and a P/E ratio of 124.66.

Ternium SA (NYSE:TX) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. On average, equities analysts forecast that Ternium SA will post $2.04 earnings per share for the current fiscal year.

Several hedge funds and institutional investors have added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its position 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 last quarter. GSA Capital Partners LLP boosted its position 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 valued at $1,558,000 after buying an additional 905 shares in the last quarter. Morgan Stanley boosted its position in shares of 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 in the last quarter. Finally, California Public Employees Retirement System boosted its position 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 valued at $3,002,000 after buying an additional 23,600 shares in 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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