Ternium (TX) Rating Increased to Overweight at Morgan Stanley
Ternium (NYSE:TX) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Wednesday, MarketBeat Ratings reports.
Separately, Zacks Investment Research downgraded shares of Ternium from a “hold” rating to a “strong sell” rating in a report on Saturday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.50.
Shares of Ternium (TX) traded up $0.72 during mid-day trading on Wednesday, reaching $28.71. 374,493 shares of the company’s stock traded hands, compared to its average volume of 411,849. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5,767.64, a P/E ratio of 6.87 and a beta of 1.09. Ternium has a 52-week low of $22.17 and a 52-week high of $33.39.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. raised its holdings in shares of Ternium by 141.1% in the second quarter. Advisor Group Inc. now owns 4,067 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 2,380 shares during the last quarter. Advisors Preferred LLC acquired a new stake in shares of Ternium in the second quarter valued at approximately $153,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Ternium in the second quarter valued at approximately $204,000. Stevens Capital Management LP acquired a new stake in shares of Ternium in the third quarter valued at approximately $238,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Ternium in the third quarter valued at approximately $271,000. Institutional investors own 19.27% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/06/ternium-tx-rating-increased-to-overweight-at-morgan-stanley.html.
Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
Receive News & Ratings for Ternium S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium S.A. and related companies with MarketBeat.com's FREE daily email newsletter.