Ternium S.A. manufactures, processes, and sells 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 through two segments, Steel and Mining. The Steel segment offers 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 products; and sells energy. The Mining segment sells iron ore and pellets. The company also provides medical and social; scrap; and engineering and other services, as well as operates as a distribution company. It serves various companies and small businesses in the construction, automotive, home appliances, agro, packaging, transport, and energy industries. The company was founded in 1961 and is based in Luxembourg City, Luxembourg. Ternium S.A. is a subsidiary of Techint Holdings S.à r.l.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on TX shares. StockNews.com cut shares of Ternium from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 3rd. Morgan Stanley reduced their price target on shares of Ternium from $48.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $55.83.
Ternium Trading Down 4.3 %
TX Stock traded down $1.50 on Wednesday, reaching $33.45. The company's stock had a trading volume of 239,903 shares, compared to its average volume of 588,719. The business has a fifty day simple moving average of $35.50 and a two-hundred day simple moving average of $40.25. Ternium has a 12-month low of $29.83 and a 12-month high of $56.74. The firm has a market cap of $6.71 billion, a PE ratio of 1.75 and a beta of 1.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.74 and a current ratio of 3.50.