Morgan Stanley lowered shares of Ternium (NYSE:TX) from an overweight rating to an equal weight rating in a research report report published on Monday, Briefing.com Automated Import reports. The firm currently has $27.00 target price on the basic materials company’s stock.
A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered shares of Ternium from an overweight rating to a neutral rating and set a $25.50 target price for the company. in a research report on Monday, May 6th. UBS Group dropped their target price on shares of Ternium from $35.00 to $28.00 and set a neutral rating for the company in a research report on Friday, May 31st. Finally, Zacks Investment Research lowered shares of Ternium from a hold rating to a sell rating in a research report on Saturday, May 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $28.36.
Shares of NYSE:TX opened at $16.66 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.30. The firm has a fifty day moving average price of $21.60 and a 200 day moving average price of $25.50. Ternium has a fifty-two week low of $16.49 and a fifty-two week high of $32.99. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 2.85, a P/E/G 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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