Bradesco Corretora reissued their neutral rating on shares of Ternium (NYSE:TX) in a research note published on Tuesday, BenzingaRatingsTable reports. They currently have a $19.00 price target on the basic materials company’s stock.
A number of other research firms have also recently issued reports on TX. Morgan Stanley cut Ternium from an overweight rating to an equal weight rating and set a $27.00 price objective for the company. in a report on Monday, August 12th. UBS Group dropped their price objective on Ternium from $35.00 to $28.00 and set a neutral rating for the company in a report on Friday, May 31st. JPMorgan Chase & Co. cut Ternium from an overweight rating to a neutral rating and set a $25.50 price objective for the company. in a report on Monday, May 6th. Finally, Zacks Investment Research cut Ternium from a hold rating to a sell rating in a report on Saturday, May 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $27.75.
TX opened at $16.84 on Tuesday. The business has a fifty day moving average of $21.50 and a 200 day moving average of $25.45. Ternium has a 52-week low of $16.35 and a 52-week high of $32.99. The company has a quick ratio of 1.16, a current ratio of 2.30 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3.31 billion, a P/E ratio of 2.20, a PEG ratio of 0.76 and a beta of 0.60.
Ternium Company Profile
Ternium SA, through its subsidiaries, manufactures and processes 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 in two segments, Steel and Mining. The Steel segment offers steel products, including 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; and sells energy.
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