Ternium (NYSE:TX) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Ternium S.A. (NYSE:TX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.23 and traded as high as $45.29. Ternium shares last traded at $44.45, with a volume of 357,715 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America raised Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Monday, April 13th. Zacks Research upgraded Ternium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Bradesco Corretora upgraded shares of Ternium to an “outperform” rating and set a $62.00 price target for the company in a report on Tuesday, May 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Ternium in a report on Wednesday, May 20th. Finally, Scotiabank restated a “sector perform” rating and issued a $40.00 price target on shares of Ternium in a research report on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ternium has a consensus rating of “Moderate Buy” and a consensus target price of $47.94.

Ternium Trading Down 0.6%

The company has a quick ratio of 1.53, a current ratio of 2.63 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $8.91 billion, a P/E ratio of 15.27, a P/E/G ratio of 0.17 and a beta of 1.29. The firm’s 50 day simple moving average is $45.85 and its two-hundred day simple moving average is $43.23.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. The company had revenue of $3.93 billion for the quarter. As a group, analysts forecast that Ternium S.A. will post 5.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ternium

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Ternium by 49.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 232 shares during the period. Parallel Advisors LLC raised its holdings in Ternium by 101.2% during the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in Ternium during the fourth quarter worth $36,000. Camelot Portfolios LLC bought a new position in shares of Ternium in the fourth quarter valued at $38,000. Finally, Advisory Services Network LLC bought a new position in shares of Ternium in the third quarter valued at $38,000. 11.98% of the stock is 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.