Ternium SA (TX) Hits New 1-Year High at $21.34
Ternium SA (NYSE:TX) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.34 and last traded at $20.98, with a volume of 266,043 shares trading hands. The stock had previously closed at $20.69.
A number of brokerages have issued reports on TX. JPMorgan Chase & Co. lifted their price target on Ternium SA from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 7th. HSBC began coverage on Ternium SA in a report on Friday, May 13th. They set a “buy” rating for the company. Morgan Stanley downgraded 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. 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. Finally, TheStreet raised Ternium SA from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $21.93.
The firm’s 50 day moving average is $19.38 and its 200-day moving average is $16.60. The stock has a market capitalization of $4.17 billion and a price-to-earnings ratio of 122.18.
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 Zacks’ consensus estimate of $0.47 by $0.01. On average, analysts anticipate that Ternium SA will post $2.04 earnings per share for the current fiscal year.
Several hedge funds and institutional investors recently bought and sold shares of TX. GSA Capital Partners LLP raised its position in Ternium SA by 0.7% in the fourth quarter. GSA Capital Partners LLP now owns 125,309 shares of the company’s stock worth $1,558,000 after buying an additional 905 shares in the last quarter. Morgan Stanley raised its position in Ternium SA by 16.5% in the fourth quarter. Morgan Stanley now owns 135,309 shares of the company’s stock worth $1,682,000 after buying an additional 19,155 shares in the last quarter. California Public Employees Retirement System raised its position 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 worth $3,002,000 after buying an additional 23,600 shares in the last quarter. Finally, Brandes Investment Partners LP raised 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 worth $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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