The stock of Ternium SA (ADR) (NYSE:TX) is a huge mover today! About 428,554 shares traded hands or 59.61% up from the average. Ternium SA (ADR) (NYSE:TX) has risen 20.36% since March 15, 2016 and is uptrending. It has outperformed by 14.88% the S&P500.
The move comes after 9 months positive chart setup for the $4.41 billion company. It was reported on Oct, 18 by Barchart.com. We have $34.52 PT which if reached, will make NYSE:TX worth $2.73 billion more.
Analysts await Ternium SA (ADR) (NYSE:TX) to report earnings on November, 1. They expect $0.77 earnings per share, up 492.31% or $0.64 from last year’s $0.13 per share. TX’s profit will be $159.35M for 6.92 P/E if the $0.77 EPS becomes a reality. After $0.78 actual earnings per share reported by Ternium SA (ADR) for the previous quarter, Wall Street now forecasts -1.28% negative EPS growth.
Ternium SA (ADR) (NYSE:TX) Ratings Coverage
Out of 4 analysts covering Ternium (NYSE:TX), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Ternium has been the topic of 7 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Citigroup on Wednesday, February 24. The rating was initiated by Goldman Sachs on Monday, August 10 with “Buy”. The stock has “Buy” rating given by HSBC on Friday, May 13. Morgan Stanley upgraded Ternium SA (ADR) (NYSE:TX) rating on Monday, December 7. Morgan Stanley has “Overweight” rating and $20 price target. The firm has “Equal-Weight” rating given on Monday, May 9 by Morgan Stanley.
According to Zacks Investment Research, “Ternium is the leading producer of flat and long steel products of Latin America and consolidates the operations of the steel companies Hylsa in Mexico, Siderar in Argentina and Sidor in Venezuela. It create value with our customers, jointly improving competitiveness and productivity, through a highly efficient industrial and technological base and a global commercial network.”
More notable recent Ternium SA (ADR) (NYSE:TX) news were published by: Marketwatch.com which released: “Ternium Reports That Usiminas Announced Completion of Its Debt Restructuring …” on September 13, 2016, also Benzinga.com with their article: “Latin American ADRs Getting Slaughtered, Brazilian Real And Crude Continue To …” published on September 22, 2015, Nasdaq.com published: “Zacks.com featured highlights: Trinseo, Ternium, ARRIS International and Korea …” on August 30, 2016. More interesting news about Ternium SA (ADR) (NYSE:TX) were released by: Zacks.com and their article: “3 Undervalued Stocks with High Growth Potential” published on August 30, 2016 as well as Investorplace.com‘s news article titled: “19 Metals & Mining Stocks to Buy Now” with publication date: July 11, 2016.
TX Company Profile
Ternium S.A. (Ternium), incorporated on February 3, 2004, is a producer of steel products. The Firm produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Firm operates through two divisions: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating divisions: Mexico, the Southern Region and Other Markets. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. Galvanized and pre-painted sheets can be further processed into a range of corrugated sheets, trapezoidal sheets and other products to serve its customer requirements. In the mining segment, iron ore is sold as concentrates (fines) and pellets.
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