Ternium SA (NYSE:TX) shot up 5.7% during mid-day trading on Friday . The stock traded as high as $28.51 and last traded at $28.29. 746,052 shares changed hands during trading, an increase of 106% from the average session volume of 362,371 shares. The stock had previously closed at $26.76.

A number of brokerages have weighed in on TX. ValuEngine cut shares of Ternium from a “buy” rating to a “hold” rating in a research report on Wednesday, May 23rd. Zacks Investment Research cut shares of Ternium from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. Finally, Bank of America reiterated an “underperform” rating and set a $32.00 price target on shares of Ternium in a research report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.67.

The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 0.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.67 and a current ratio of 1.60.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.13). Ternium had a net margin of 9.42% and a return on equity of 17.93%. The company had revenue of $3.13 billion for the quarter. research analysts expect that Ternium SA will post 6.67 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in shares of Ternium by 68.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,412 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 1,389 shares during the last quarter. First Quadrant L P CA acquired a new position in shares of Ternium in the second quarter valued at approximately $188,000. BB&T Securities LLC acquired a new position in shares of Ternium in the second quarter valued at approximately $214,000. Cynosure Advisors LLC acquired a new position in shares of Ternium in the first quarter valued at approximately $230,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Ternium in the first quarter valued at approximately $261,000. Institutional investors and hedge funds own 17.82% of the company’s stock.

Ternium Company Profile (NYSE:TX)

Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.

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