Bradesco Corretora reiterated their neutral rating on shares of Ternium (NYSE:TX) in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. They currently have a $19.00 target price on the basic materials company’s stock.
TX has been the subject of several other research reports. Zacks Investment Research lowered shares of Ternium from a hold rating to a sell rating in a report on Saturday, May 4th. Morgan Stanley lowered shares of Ternium from an overweight rating to an equal weight rating and set a $27.00 price target for the company. in a report on Monday. UBS Group cut their price target on shares of Ternium from $35.00 to $28.00 and set a neutral rating for the company in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. lowered shares of Ternium from an overweight rating to a neutral rating and set a $25.50 price target for the company. in a report on Monday, May 6th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Ternium has an average rating of Hold and a consensus price target of $28.36.
Shares of NYSE TX opened at $16.66 on Tuesday. The firm has a market cap of $3.53 billion, a PE ratio of 2.85, a PEG ratio of 0.76 and a beta of 0.60. The firm has a fifty day moving average of $21.60 and a 200 day moving average of $25.50. 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 $16.49 and a one year high of $32.99.
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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