Shares of Ternium SA (NYSE:TX) traded down 2.9% during trading on Thursday . The company traded as low as $22.57 and last traded at $22.71, with a volume of 298,182 shares. The stock had previously closed at $23.40.

A number of analysts have commented on the company. TheStreet upgraded Ternium SA from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on Ternium SA from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 7th. HSBC began coverage on Ternium SA in a report on Friday, May 13th. They issued a “buy” rating for the company. Morgan Stanley cut Ternium SA from an “overweight” rating to an “equal weight” rating and set a $20.00 price target for the company. in a report on Monday, May 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Ternium SA from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, April 27th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $21.93.

The firm has a market capitalization of $4.43 billion and a PE ratio of 30.15. The company’s 50-day moving average is $20.30 and its 200-day moving average is $17.63.

Ternium SA (NYSE:TX) last posted its earnings results on Tuesday, August 2nd. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.64 by $0.14. During the same quarter in the prior year, the business earned $0.21 earnings per share. The business earned $1.86 billion during the quarter, compared to analyst estimates of $2.01 billion. The firm’s revenue was down 6.7% compared to the same quarter last year. Equities research analysts predict that Ternium SA will post $2.22 EPS for the current fiscal year.

A number of hedge funds have bought and sold shares of the stock. 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 in the last quarter. 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 in the last quarter. 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 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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