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Ternium S.A. (NYSE:TX) was downgraded by stock analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a report issued on Monday, reports.

Ternium S.A. (NYSE:TX) opened at 25.63 on Monday. Ternium S.A. has a 52-week low of $21.48 and a 52-week high of $32.99. The stock has a 50-day moving average of $28.36 and a 200-day moving average of $29.20. The company has a market cap of $5.031 billion and a price-to-earnings ratio of 10.34.

Ternium S.A. (NYSE:TX) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.66 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.13. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the company posted $0.58 earnings per share. Ternium S.A.’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Ternium S.A. will post $2.96 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Ternium S.A. in a research note on Thursday, July 3rd. They now have a $29.90 price target on the stock, down previously from $30.20. Separately, analysts at TheStreet upgraded shares of Ternium S.A. from a “sell” rating to a “buy” rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Ternium S.A. currently has a consensus rating of “Hold” and a consensus target price of $28.85.

Ternium SA (NYSE:TX) is a steel producer in Latin America.

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