Ternium (NYSE:TX) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Ternium S.A. (NYSE:TX) has recently crossed above its 200-day moving average, with shares trading at $34.63, indicating potential bullish momentum.
• Wall Street analysts have varied ratings on Ternium, with an average consensus rating of "Hold" and a target price of $32.67, reflecting mixed sentiment among investors.
• The company reported a higher-than-expected earnings per share (EPS) of $1.28 for the last quarter, despite total revenue falling short of analysts' expectations at $3.95 billion.

Ternium S.A. (NYSE:TX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.73 and traded as high as $34.98. Ternium shares last traded at $34.63, with a volume of 148,151 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TX shares. Wells Fargo & Company raised Ternium to a "strong sell" rating in a report on Thursday, August 14th. Scotiabank decreased their price target on Ternium from $41.00 to $40.00 and set a "sector outperform" rating for the company in a report on Wednesday, September 3rd. Morgan Stanley downgraded Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 target price for the company. in a report on Monday, July 21st. Finally, Wall Street Zen raised Ternium from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $32.67.

Ternium Trading Up 0.4%

The stock has a market cap of $6.94 billion, a PE ratio of 11.43 and a beta of 1.47. The business has a 50-day moving average of $33.11 and a 200 day moving average of $30.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 2.68.

Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.62. The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.19 billion. Ternium had a return on equity of 1.95% and a net margin of 3.66%.The firm's quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) EPS. Equities research analysts predict that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Institutional Trading of Ternium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caxton Associates LLP grew its holdings in Ternium by 2.8% in the 2nd quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company's stock valued at $536,000 after buying an additional 484 shares during the period. GAMMA Investing LLC grew its holdings in Ternium by 51.8% in the 1st quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company's stock valued at $60,000 after buying an additional 653 shares during the period. Boston Partners grew its holdings in Ternium by 4.1% in the 1st quarter. Boston Partners now owns 20,994 shares of the basic materials company's stock valued at $654,000 after buying an additional 827 shares during the period. Cetera Investment Advisers grew its holdings in Ternium by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company's stock valued at $301,000 after buying an additional 890 shares during the period. Finally, Vident Advisory LLC grew its holdings in Ternium by 13.2% in the 2nd quarter. Vident Advisory LLC now owns 13,899 shares of the basic materials company's stock valued at $418,000 after buying an additional 1,623 shares during the period. Hedge funds and other institutional investors own 11.98% of the company's stock.

About Ternium

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.

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