Ternium S.A. (NYSE:TX) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday, June 30th.
Separately, Zacks Investment Research cut Ternium from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Ternium has an average rating of “Buy” and a consensus price target of $30.50.
Ternium (NYSE:TX) traded up 0.66% on Friday, hitting $30.34. The stock had a trading volume of 292,675 shares. The company has a market cap of $5.96 billion, a PE ratio of 7.81 and a beta of 1.06. Ternium has a 12 month low of $18.29 and a 12 month high of $31.88. The company has a 50-day moving average of $27.83 and a 200 day moving average of $25.82.
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A number of institutional investors have recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY raised its position in Ternium by 357.3% in the second quarter. Cypress Capital Management LLC WY now owns 5,030 shares of the basic materials company’s stock worth $141,000 after buying an additional 3,930 shares during the period. Atria Investments LLC bought a new position in Ternium during the second quarter worth $206,000. Liberty Mutual Group Asset Management Inc. acquired a new position in shares of Ternium during the first quarter valued at approximately $204,000. Capital Fund Management S.A. acquired a new position in shares of Ternium during the first quarter valued at approximately $232,000. Finally, Ameriprise Financial Inc. raised its position in shares of Ternium by 6.5% in the first quarter. Ameriprise Financial Inc. now owns 10,772 shares of the basic materials company’s stock valued at $281,000 after buying an additional 654 shares during the period. 21.84% of the stock is currently owned by institutional investors.
Ternium Company Profile
Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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