Ternium (NYSE:TX) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Ternium S.A. (NYSE:TX) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.70 and traded as high as $47.25. Ternium shares last traded at $46.9870, with a volume of 837,146 shares traded.

Wall Street Analysts Forecast Growth

TX has been the topic of several research reports. Itau BBA Securities upgraded shares of Ternium to an “outperform” rating in a research report on Sunday. Scotiabank reiterated a “sector perform” rating and set a $40.00 price objective on shares of Ternium in a research report on Thursday, March 26th. The Goldman Sachs Group reiterated a “buy” rating and set a $57.00 price objective on shares of Ternium in a research report on Friday. Bank of America upgraded shares of Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Monday, April 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ternium in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ternium has a consensus rating of “Moderate Buy” and a consensus price target of $44.94.

Ternium Trading Down 0.0%

The company has a market capitalization of $9.42 billion, a P/E ratio of 16.15 and a beta of 1.26. The company’s fifty day simple moving average is $42.07 and its 200-day simple moving average is $40.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.63.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. The business had revenue of $3.93 billion during the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. Research analysts predict that Ternium S.A. will post 4.04 earnings per share for the current year.

Institutional Trading of Ternium

A number of institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC boosted its stake in Ternium by 8.0% in the 1st quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company’s stock worth $254,395,000 after purchasing an additional 469,846 shares in the last quarter. Donald Smith & CO. Inc. raised its position in Ternium by 1.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock worth $145,452,000 after buying an additional 66,062 shares during the last quarter. Schroder Investment Management Group raised its position in Ternium by 4.7% during the 3rd quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock worth $79,159,000 after buying an additional 101,748 shares during the last quarter. Cape Ann Asset Management Ltd raised its position in Ternium by 20.5% during the 4th quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock worth $40,812,000 after buying an additional 182,000 shares during the last quarter. Finally, Prudential PLC raised its position in Ternium by 5.5% during the 3rd quarter. Prudential PLC now owns 717,593 shares of the basic materials company’s stock worth $24,922,000 after buying an additional 37,408 shares during the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Company Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.