Shares of Ternium SA (NYSE:TX) have been given an average rating of “Hold” by the twelve research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.90.
A number of research analysts recently commented on TX shares. Zacks Investment Research cut Ternium from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Morgan Stanley cut Ternium from an “overweight” rating to an “equal weight” rating and set a $27.00 target price on the stock. in a research note on Monday, August 12th. UBS Group reduced their target price on Ternium from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. JPMorgan Chase & Co. cut Ternium from an “overweight” rating to a “neutral” rating and set a $25.50 target price on the stock. in a research note on Monday, May 6th. Finally, Bradesco Corretora reissued a “neutral” rating and issued a $19.00 target price on shares of Ternium in a research note on Tuesday, August 13th.
TX traded up $0.18 during trading on Tuesday, reaching $16.84. The stock had a trading volume of 608,500 shares, compared to its average volume of 499,681. The stock has a market cap of $3.27 billion, a PE ratio of 2.20, a PEG ratio of 0.70 and a beta of 0.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.30. Ternium has a one year low of $16.35 and a one year high of $32.99. The business has a 50-day moving average of $21.50 and a 200-day moving average of $25.45.
Ternium Company Profile
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 flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron; and sells energy.
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