Ternium (NYSE:TX) Shares Cross Above 200-Day Moving Average – Time to Sell?

Ternium S.A. (NYSE:TX)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.58 and traded as high as $45.88. Ternium shares last traded at $45.4050, with a volume of 146,094 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TX. Zacks Research raised shares of Ternium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Itau BBA Securities raised Ternium from a “market perform” rating to an “outperform” rating and set a $59.00 target price for the company in a research report on Sunday, May 24th. The Goldman Sachs Group restated a “buy” rating and issued a $57.00 target price on shares of Ternium in a research note on Friday, May 22nd. Bradesco Corretora upgraded Ternium to an “outperform” rating and set a $62.00 price target for the company in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company lifted their price objective on Ternium from $36.00 to $43.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.35.

Ternium Price Performance

The firm has a market cap of $8.89 billion, a P/E ratio of 15.24, a PEG ratio of 0.17 and a beta of 1.28. The business’s fifty day simple moving average is $46.04 and its 200-day simple moving average is $42.59. The company has a current ratio of 2.63, a quick ratio of 1.53 and a debt-to-equity ratio of 0.14.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, March 31st. The basic materials company reported $1.10 EPS for the quarter. The firm had revenue of $3.93 billion during the quarter. Ternium had a return on equity of 3.70% and a net margin of 3.66%. As a group, analysts forecast that Ternium S.A. will post 5.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Ternium

A number of institutional investors have recently added to or reduced their stakes in TX. O Shaughnessy Asset Management LLC boosted its position in shares of Ternium by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,232 shares of the basic materials company’s stock valued at $505,000 after acquiring an additional 231 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Ternium by 49.2% during the fourth 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 last quarter. Parallel Advisors LLC lifted its position in Ternium by 101.2% during the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. Caxton Associates LLP grew its stake in Ternium by 2.8% in the 2nd quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company’s stock worth $536,000 after buying an additional 484 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in Ternium by 7.1% in the 1st quarter. QRG Capital Management Inc. now owns 7,549 shares of the basic materials company’s stock worth $303,000 after buying an additional 501 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors.

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.