Ternium SA (NYSE:TX) shares 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 research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Ternium SA from a “strong sell” rating to a “hold” rating in a report on Thursday, April 7th. HSBC initiated coverage on shares of Ternium SA in a report on Friday, May 13th. They issued a “buy” rating for the company. JPMorgan Chase & Co. increased their target price 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. 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 report on Monday, May 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $21.93.

The firm’s 50-day moving average is $20.03 and its 200-day moving average is $17.26. The company has a market capitalization of $4.22 billion and a P/E ratio of 123.68.

Ternium SA (NYSE:TX) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Equities research analysts forecast that Ternium SA will post $2.10 EPS for the current year.

Other hedge funds recently added to or reduced their stakes in 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.

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