Ternium (NYSE:TX) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Ternium S.A. (NYSE:TX) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $45.46 and traded as high as $56.08. Ternium shares last traded at $55.71, with a volume of 1,013,950 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TX. Zacks Research downgraded Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $57.00 price target on shares of Ternium in a report on Friday, May 22nd. HSBC reissued a “hold” rating and set a $55.00 price objective (up from $53.00) on shares of Ternium in a research report on Friday, August 21st. Wall Street Zen upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Finally, Wells Fargo & Company raised shares of Ternium from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $43.00 to $45.00 in a research report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.50.

Ternium Stock Performance

The company has a market capitalization of $11.61 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 0.18 and a beta of 1.25. The company’s 50 day moving average is $49.22 and its 200-day moving average is $45.54. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14.

Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, June 30th. The basic materials company reported $1.80 EPS for the quarter. The business had revenue of $4.34 billion for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. Equities analysts anticipate that Ternium S.A. will post 6.07 EPS for the current fiscal year.

Institutional Trading of Ternium

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Ternium by 49.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after buying an additional 232 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Ternium by 101.2% in the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 405 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Ternium in the fourth quarter worth $36,000. Advisory Services Network LLC purchased a new stake in shares of Ternium in the third quarter worth $38,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Ternium by 142.1% during the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 736 shares in the last quarter. 11.98% of the stock is owned by institutional investors.

About Ternium

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.