Ternium SA (TX) Sets New 12-Month High at $22.53
Ternium SA (NYSE:TX)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $22.53 and last traded at $21.91, with a volume of 234,866 shares. The stock had previously closed at $21.93.
Several equities analysts have weighed in on TX shares. Zacks Investment Research upgraded shares of Ternium SA from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, April 27th. HSBC initiated coverage on shares of Ternium SA in a research report on Friday, May 13th. They set a “buy” rating on the stock. Morgan Stanley cut shares of Ternium SA from an “overweight” rating to an “equal weight” rating and set a $20.00 price target on the stock. in a report on Monday, May 9th. They noted that the move was a valuation call. TheStreet upgraded shares of Ternium SA from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ternium SA from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Ternium SA presently has an average rating of “Buy” and a consensus target price of $21.93.
The firm has a market capitalization of $4.35 billion and a price-to-earnings ratio of 127.30. The stock’s 50 day moving average is $19.95 and its 200-day moving average is $17.19.
Ternium SA (NYSE:TX) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. On average, equities research analysts forecast that Ternium SA will post $2.10 earnings per share for the current year.
A number of institutional investors have made changes to their positions in the stock. GSA Capital Partners LLP raised 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 raised 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. California Public Employees Retirement System raised 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. Finally, Brandes Investment Partners LP raised its position 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 valued at $88,439,000 after buying an additional 141,503 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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