Ternium SA (TX) Hits New 12-Month High at $23.60
Ternium SA (NYSE:TX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.60 and last traded at $22.95, with a volume of 183,337 shares traded. The stock had previously closed at $23.30.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Ternium SA from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Saturday. JPMorgan Chase & Co. increased their target price on shares of Ternium SA from $27.00 to $29.50 and gave the stock an “overweight” rating in a research report on Friday. TheStreet upgraded shares of Ternium SA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Morgan Stanley cut 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 research report on Monday, May 9th. They noted that the move was a valuation call. Finally, HSBC assumed coverage on shares of Ternium SA in a research report on Friday, May 13th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Ternium SA currently has an average rating of “Buy” and a consensus price target of $23.18.
The company has a market capitalization of $4.45 billion and a PE ratio of 30.29. The firm’s 50 day moving average is $20.61 and its 200-day moving average is $17.90.
Ternium SA (NYSE:TX) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.14. During the same period last year, the firm earned $0.21 earnings per share. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $2.01 billion. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities analysts forecast that Ternium SA will post $2.32 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Ternium SA stock. California Public Employees Retirement System raised its position in shares of Ternium SA (NYSE:TX) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 241,500 shares of the company’s stock after buying an additional 23,600 shares during the period. California Public Employees Retirement System owned about 0.12% of Ternium SA worth $3,002,000 at the end of the most recent reporting 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.