Ternium SA (NYSE:TX) shares were down 2.1% during mid-day trading on Tuesday . The company traded as low as $20.30 and last traded at $20.33, with a volume of 109,854 shares changing hands. The stock had previously closed at $20.77.

A number of research analysts have issued reports on TX shares. HSBC initiated coverage on Ternium SA in a report on Friday, May 13th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upped their target price on Ternium SA from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, July 7th. Morgan Stanley downgraded 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. Zacks Investment Research raised Ternium SA from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Saturday, August 6th. Finally, TheStreet raised Ternium SA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $23.02.

The company’s 50-day moving average is $21.71 and its 200-day moving average is $19.05. The stock has a market capitalization of $4.01 billion and a PE ratio of 27.30.

Ternium SA (NYSE:TX) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.14. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business earned $0.21 EPS. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, analysts predict that Ternium SA will post $2.52 earnings per share for the current year.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.