Shares of Ternium SA (NYSE:TX) were down 2.7% during trading on Friday . The stock traded as low as $21.93 and last traded at $21.96, with a volume of 184,047 shares traded. The stock had previously closed at $22.58.

Several analysts have recently commented on TX shares. Morgan Stanley cut 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. JPMorgan Chase & Co. lifted their price objective on Ternium SA from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, July 7th. HSBC started coverage on Ternium SA in a research report on Friday, May 13th. They set a “buy” rating for the company. TheStreet raised Ternium SA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research raised Ternium SA from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Ternium SA has a consensus rating of “Buy” and a consensus target price of $23.18.

The firm has a 50 day moving average price of $20.93 and a 200 day moving average price of $18.12. The company has a market capitalization of $4.31 billion and a P/E ratio of 29.28.

Ternium SA (NYSE:TX) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.14. The firm earned $1.86 billion during the quarter, compared to the consensus estimate of $2.01 billion. Ternium SA’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Equities analysts expect that Ternium SA will post $2.39 EPS for the current fiscal year.

An institutional investor recently raised its position in Ternium SA stock. California Public Employees Retirement System boosted 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 institutional investor 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 approximately 0.12% of Ternium SA worth $3,002,000 as of its most recent filing with the SEC.

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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